Bank

In a latest update, as per a report from <a href="https://www.bloomberg.com/news/articles/2025-02-24/dekabank-steigt-in-den-an-und-verkauf-von-kryptowahrungen-ein?sref=3REHEaVI" rel="noopener noreferrer nofollow">Bloomberg</a>, DekaBank, a German investment bank managing $395 billion in assets, has launched cryptocurrency trading and custody services for institutional clients after nearly two years of development. The bank received regulatory approval for a crypto custody license from the Federal Financial Supervisory Authority (BaFin) and operates under the oversight of the European Central Bank (ECB).In 2025, the global economy has witnessed a growing pro-crypto trend, with the United States taking the lead. After President Donald Trump's election, the U.S. has embraced a major overhaul of its crypto policies, sparking interest from financial institutions worldwide to adopt the asset class.<blockquote class="wp-block-quote">"We have the necessary experience, required licenses and a tested, ready-to-use infrastructure to support savings banks and our institutional clients," noted Martin K. Müller, a board member of DekaBank.</blockquote><h2 class="wp-block-heading" id="h-focus-on-security-and-compliance">Focus On Security And Compliance</h2>As the asset manager for Germany's largest financial group, Sparkassen-Finanzgruppe, DekaBank is promoting its new services with an emphasis on security and regulatory compliance.Other financial institutions in Germany’s savings bank sector have already launched cryptocurrency services. For example, Landesbank Baden-Württemberg (LBBW) has teamed up with Bitpanda to enable corporate clients to trade cryptocurrencies.Besdies, Germany’s cooperative banks, led by DZ Bank, plan to launch a crypto offering for private customers by mid-year. Notably, the initiative is being launched alongside IT service provider Atruvia and the Stuttgart Stock Exchange.

Germany’s DekaBank Launches Crypto Trading Services for Institutions

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