Germany's largest depository bank, DZ BANK, has announced the launch of its digital asset custody platform, developed in collaboration with Ripple.
A New Era for Digital Assets
In August 2024, Germany's leading depository bank, DZ BANK, with over €350 billion in assets, unveiled its anticipated institutional digital asset custody platform. This significant milestone heralds a new era in asset management, promoting safer and more efficient handling of digital assets.
Partnership with Ripple
The platform was developed in collaboration with Ripple, a leader in blockchain-based solutions. It offers unique solutions for the management, settlement, and security of digital assets, particularly crypto securities in line with German securities law.
Becoming a Leader in Digital Assets
The integration of blockchain technology into traditional capital market processes makes the platform a secure and efficient solution for managing digital assets. With Ripple's support, the platform ensures faster and cost-effective transactions, full regulatory compliance, and extends opportunities in the digital economy.
The launch of DZ BANK's digital asset custody platform marks a new phase in digital transformation, opening additional opportunities for institutional investors.
