2024

Coin

<ul class="news-points"> 
 <li>LBBW, Germany’s largest bank, has partnered with Bitpanda to offer crypto custody services starting in mid-2024.</li> 
 <li>German banks like Deutsche Bank and DZ Bank are exploring the crypto sector while anticipating MiCA regulations.</li> 
 <li>MiCA’s implementation in December 2024 hinges on ongoing consultations.</li> 
</ul> 
Landesbank Baden-Württemberg (LBBW), Germany’s largest bank, is set to partner with Bitpanda, an Austrian exchange platform, to provide crypto custody services. According to reports by <a href="https://www.bloomberg.com/news/articles/2024-04-15/germany-s-lbbw-bank-to-offer-crypto-custody-services" target="_blank" rel="nofollow">Bloomberg</a>, the two firms will start offering this service to institutional and corporate clients in the second half of 2024. 
Jürgen Harengel, COO of corporate banking at LBBW, underlined the significant shift in the market, with a surge in interest in digital assets among its corporate customer base. “The demand from our corporate customers for digital assets is increasing,” he stated. 
This strategic move by LBBW aligns with the evolving German banking and asset management landscape, where institutions are stepping up to offer crypto-related services. With a substantial €333 billion ($355 billion) in assets under management, LBBW will leverage Bitpanda’s platform to pr…
The post <a href="https://coinedition.com/germanys-largest-bank-set-to-provide-crypto-custody-solutions/">Germany’s Largest Bank Set to Provide Crypto Custody Solutions</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Germany’s Largest Bank Set to Provide Crypto Custody Solutions

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