Cryptocurrency Analysis and News Portal
“Now that we have been granted the license, we have achieved an important milestone. This highlights our ongoing commitment to applying the latest technologies and innovations, and it forms the foundation for supporting our customers in the areas of digital assets,” Dr. Jörg Oliveri del Castillo-Schulz, chief operating officer of
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The German bank Commerzbank has been granted a crypto custody license by local regulators, according to a Nov. 15 announcement by the lender. Commerzbank says it is the first “full-service” German bank to be granted this license in the country under the legal framework of the German Banking Act. This allows it
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HSBC, which is one of the largest banks in the world, revealed that for now, its custody plans involve “tokenized securities issued on third-party platforms.” HSBC Holdings (LSE: HSBA), in partnership with Ripple Labs subsidiary Metaco, has announced plans to launch a digital assets custody service for institutional clients. The service
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Once live in 2024, the custody service will complement HSBC Orion, the London-based bank’s platform for issuing digital assets, as well as a recently introduced offering for tokenized physical gold, HSBC said in a statement. Together, the platforms will form a complete digital-asset offering for institutional clients, the bank said. Source
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A software layer designed to make staking easy, sFOX allows professional users, high-net-worth individuals, hedge funds and the like to store their staked crypto in Wyoming trust company accounts that offer complete segregation and protection of customer funds in the unlikely event of company bankruptcy, according to a press release. Source
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DZ Bank launches a blockchain-based digital asset custody platform, advancing Germany’s crypto services for institutional and private clients. The second largest bank in Germany, DZ Bank, has unveiled a proprietary service for safeguarding crypto assets, targeting institutional clientele. This service will leverage the capabilities of Metaco Harmonize, a platform developed by
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DZ Bank, the third largest bank in Germany by asset size, has launched its own digital assets custody platform built on the blockchain. According to an announcement published on Nov. 2, the platform will work with institutional clients, offering them crypto securities, such as the crypto bond from Siemens, which
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According to a Nov. 2 post on X, SEBA Bank has announced a new partnership with St. Galler Kantonalbank (SGKB) to offer users the chance to buy and trade cryptocurrencies like Bitcoin and Ether. SGKB is the fifth largest bank, with 35 branches in the eastern part of Switzerland. A major milestone As
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The network effect of BitGo’s cold storage settlement system and Copper’s ClearLoop comprises exchanges like Bybit, OKX, Powertrade, Bitget, Gate.io, Deribit, BIT, Bitfinex, and Bitstamp. Source
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Major cryptocurrency custody firm BitGo is reportedly expanding its regulatory compliance in Germany more than three years after launching a dedicated local subsidiary.BitGo has obtained a cryptocurrency license from the German Federal Financial Supervisory Authority (BaFin), according to a Nov. 1 report by Finance Magnates. The firm has been storing
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