Germany’s DekaBank Rolls Out Crypto Trading and Custody Solutions

After nearly two years of development, German investment bank DekaBank has launched cryptocurrency trading and custody services for institutional clients, managing €377 billion ($395 billion) in assets.

The Frankfurt-based firm secured regulatory approval from Germany’s financial watchdog BaFin and operates under the European Central Bank’s oversight.

Board member Martin K. Müller emphasized that the bank has the experience, licensing, and infrastructure to support institutional clients and savings banks.

DekaBank’s crypto services are marketed with a strong focus on security and regulatory compliance. Meanwhile, other major financial institutions in Germany are expanding their crypto offerings.

Landesbank Baden-Württemberg (LBBW) has partnered with Bitpanda to facilitate crypto trading for corporate clients, while cooperative banks led by DZ Bank plan to introduce a cryptocurrency service for retail customers by mid-year, in collaboration with Atruvia and the Stuttgart Stock Exchange.