Bitcoin (BTC) And cryptocurrencyStanding out with its positive approach to Deutsche Bank, Germany’s largest bankis preparing to offer cryptocurrency custody services.
According to Coindesk, Deutsche Bank is a Swiss-based crypto company to provide cryptocurrency custody and tokenization services. Taurus formed a partnership with.
In a joint statement, the companies stated that Deutsche Bank will use Taurus’ custody and tokenization technology to manage cryptocurrencies, tokenized assets and digital assets.
Paul Maley, head of global securities services at Deutsche Bank. Stating that this partnership is to develop custody services for a wide range of digital asset types for institutional customers, he said:
“In the first stage, we will provide custody services for selected cryptocurrencies and some stablecoins.
We expect the first wave of activity to be around these select cryptocurrencies and stablecoins. “But we see the opportunity for broader emergence of tokenized financial assets.”
Taurus co-founder Lamine Brahimi In his statement, he stated that the partnership focuses on cryptocurrencies and said that Deutsche Bank can tokenize assets and provide asset services wherever it deems appropriate.
Deutsche Bank invested in Taurus in a $65 million Series B round led by Credit Suisse last February.
*This is not investment advice.
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