German Deutsche Bank, one of the largest banks in the world, has partnered with Swiss crypto infrastructure provider Taurus for cryptocurrency custody service and tokenization.
Deutsche Bank, which comes to the fore from time to time with its moves towards the cryptocurrency and blockchain sector, provides cryptocurrency storage And tokenization announced that it has established a partnership with Taurus for In this context, the bank technology announced that it will integrate
This partnership between two large companies is Deutsche Bank’s to customers globally more cryptocurrency services offered trustworthy And comprehensive will allow it to be carried out accordingly.
Head of Global Securities Services, Deutsche Bank Paul MaleyHe stated that the potential of cryptocurrencies cannot be ignored and traditional financial institutions should integrate in this direction:
Since the cryptocurrency space is expected to encompass trillions of dollars in assets, it is inevitable that it will be seen as one of the priorities for both investors and companies. Therefore, depository institutions must begin to adapt to support their customers.
co-founder of Taurus Laminated BrahimiTaurus of this partnership its capacity to Deutsche Bank while implying that it has once again revealed global operations He emphasized that they would be pleased to support the management:
This partnership is the result of an extensive and detailed screening process through which Taurus was able to demonstrate the quality and breadth of its products and technology. We are pleased to launch this global partnership with Deutsche Bank and look forward to supporting the bank in delivering DLT-based products and services.
Deutsche Bank in June To the German Banking Regulation and Supervision Agency (BaFin) had applied for a digital asset license.