DZ Bank AG Launches Digital Assets Custody Platform in Germany

[coingabbarmarket]

DZ Bank Launches Blockchain-Based Custody Platform
Germany's third-largest bank, DZ Bank AG, has launched a blockchain-based digital assets custody platform for institutional clients. They also intend to offer crypto securities.

In the future, subject to BaFin's approval of a crypto custody licence, they intend to provide institutional investors and private customers with access to buy cryptocurrencies. This follows a trend of German banks accepting crypto despite regulatory challenges.

[TomPluz]

This is one big good news coming from the Germany side of the European Union. Though known to be very strict when it comes to cryptocurrency, still we can see there is a strong push for the acceptance of cryptocurrency in this country. And I think there is really a big market for it, otherwise DZ bank will not be wasting time with this custody platform if their clients are not encouraging it. Let's see the many coming developments on this matter and let's hope that more and more big banks can be following the trend too.