Deutsche Bank applies for license for cryptocurrency custody service
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Planning to start a virtual currency custody business Deutsche Bank AG, a global megabank, announced on the 20th that it has applied for regulatory approval to operate a custody service for digital assets such as crypto assets (virtual currencies). Bloomberg reported. “We are strengthening our digital assets and custody business. We have submitted an application for a digital assets business license to the German Federal Financial Supervisory Authority (BaFin),” said David Lin, head of commercial banking at Deutsche Bank. did,” he said. It also goes on to say that the move is part of a broader strategy to increase fee
Financial services firm Cantor Fitzgerald has chosen its partners for its new global Bitcoin financing business that will allow institutional investors to borrow against their Bitcoin holdings. Anchorage Digital Bank and Copper will serve as collateral managers and provide custody of collateralized assets. The new business will launch with $2 billion in…
Deutsche Bank, one of the major European banking groups, is exploring various Layer-2 solutions on Ethereum. Among these, ZKsync stands out, with the goal of optimizing digital transactions and offering a wider range of services in the field of digital assets. Why Layer-2 solutions on Ethereum are strategic for Deutsche…