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.
Anthony Pompliano has voiced strong opposition to Donald Trump’s recent push to remove Federal Reserve Chair Jerome Powell, warning that such a move could damage the credibility of the U.S. financial system.
As Washington pulls back on its crypto enforcement, Oregon is stepping up.
In a move that underscores its ambition to bridge crypto and traditional finance, Ripple is expanding the role of its newly acquired prime brokerage platform, Hidden Road.
HashKey Capital has officially launched Asia’s first XRP Tracker Fund, providing professional investors with regulated exposure to XRP without the need for direct ownership.