Germany’s second largest bank after DeutscheBank commerzbankis taking determined steps towards cryptocurrencies.
at this point Commerzbank said it was granted a cryptocurrency custody license and was the first full-service bank in Germany to do so.
Speaking to Dow Jones Newswires, a Commerzbank spokesperson said: He said that the crypto custody license was issued by the German Federal Financial Supervisory Authority and the European Central Bank.
The spokesperson said that this license allows Commerzbank to create and provide a wide range of digital asset services, especially crypto assets. Providing cryptocurrency custody services to corporate customers He said it made it possible.
The spokesperson also stated that the bank is trying to create a safe platform for digital assets and said:
“Commerzbank’s next goal is to create a fully compliant, secure and reliable platform to support its corporate customers by providing custody services for crypto assets based on blockchain technology.
We aim to establish this platform in the first half of 2024.”
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