The largest bank in Germany, Deutsche Bank, is making a deeper foray into the crypto industry. This week, the bank signed a partnership agreement with Geneva-based crypto infrastructure provider Taurus to offer customers secure crypto custody and tokenization of assets. This follows an investment in the Swiss startup in February and the subsequent application for a crypto custody license from BaFin. Now, Deutsche Bank should be equipped with the necessary tools to offer its over 19 million retail customers comprehensive crypto services. The launch is likely to be similar to that of Swiss financial institutions PostFinance and LUKB in 2024.
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| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇩🇪 🇨🇠|
| Sentiment | positive |
| Relevance Score | 10 |
| People | LUKB, Deutsche Bank, BaFin, PostFinance, Taurus |
| Companies | LUKB, Deutsche Bank, BaFin, PostFinance, Taurus |
| Currencies | None |
| Securities | None |
