Deutsche Bank plans to offer custody of cryptocurrencies

In recent weeks, large banks have stated that they have plans to offer cryptocurrency custody services, with the Bank of New York Mellon being one of the last to express this. However, it would also be under the plans of the German bank Deutsche Bank.

That's right, Deutsche Bank would be joining the growing ranks of large financial institutions exploring offering cryptocurrency services in the face of the growing popularity of these virtual assets. The German bank plans to offer high-end services to hedge funds that invest in this asset class.

Según un World Economic Forum report, Deutsche Bank's Digital Asset Custody prototype aims to develop "a fully integrated custody platform for institutional clients and their digital assets, providing seamless connectivity to the broader cryptocurrency ecosystem."

In this way, the largest bank in Germany plans to create a platform for the exchange and issuance of tokens, bridging a bridge between digital assets and traditional banking services, managing the set of digital assets and holdings in fiat money in one easy-to-use platform. use.

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Adolfo Morán
Adolfo is Founder and Executive Director of Lawgic Tec, a non-profit association dedicated to research on law and new technologies. Lawyer from the Pontificia Universidad Católica del Perú (PUCP); specialized in Financial Law, FinTech, Financial Consumer Protection, Smart Contracts, Blockchain and Crowdfunding. Researcher accredited by the PUCP. Co-organizer of the Ethereum community from Lima, Peru. Email: contacto@lawgictec.org

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