Commerzbank and Crypto Finance partner for digital assets in corporate banking
Latest news
Commerzbank and Crypto Finance partner for digital assets in corporate banking 19 September 2024 Germany Reporter: Klea Neza
Image: Bi/stock.adobe.com
Commerzbank and Crypto Finance, a subsidiary of Deutsche Börse, have joined forces with an aim to offer Commerzbank’s corporate clients in Germany secure and easy access to crypto assets.
The joint service will initially focus on bitcoin and ether, targeting selected existing Commerzbank corporate clients in Germany, say the firms. Through this partnership, Commerzbank aims to manage the custody of digital assets, while Crypto Finance will ensure their secure trading.
The companies say this collaboration provides Commerzbank’s corporate clients with seamless and secure access to crypto assets, without the need to forgo established and regulated structures and partners.
Gernot Kleckner, head of Capital Markets in the Corporate Clients segment at Commerzbank, comments: “Our offering in digital assets, enables our corporate clients to seize the opportunities presented by bitcoin and ether for the first time.
“We are a reliable and competent partner for our corporate clients in these future markets. Our joint solution represents the highest level of security in the trading and custody of crypto assets, which is also a standard we also share with the Deutsche Börse Group.”
Stijn Vander Straeten, CEO of Crypto Finance, says: “The partnership with Commerzbank is an important milestone for Crypto Finance as it enables us to offer more companies and institutions in Germany access to regulated crypto services.
“With a solution tailored to Commerzbank, we are reinforcing our commitment to offering secure digital asset solutions across Europe. We are very much looking forward to the collaboration and to supporting the growing demand for institutional crypto services in Germany and the EU.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Bi/stock.adobe.com 