{"id":14720,"date":"2025-02-24T15:32:01","date_gmt":"2025-02-24T15:32:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14720"},"modified":"2025-02-24T15:32:01","modified_gmt":"2025-02-24T15:32:01","slug":"dekabank-rolls-out-crypto-trading-custody-services-for-institutions-bloomberg","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14720","title":{"rendered":"DekaBank Rolls Out Crypto Trading, Custody Services for Institutions: Bloomberg"},"content":{"rendered":"<div>\n<p>DekaBank, a German investment bank with 377 billion euros ($395 billion) in assets under management, introduced cryptocurrency trading and custody services for institutional clients after<a href=\"https:\/\/www.coindesk.com\/business\/2023\/01\/31\/dekabank-selects-swiss-crypto-specialist-metaco-to-steer-digital-asset-offering\" target=\"_blank\"> almost two years of development<\/a>.<\/p>\n<p>The Frankfurt-based company\u2019s move follows regulatory approval for a crypto custody license from the Federal Financial Supervisory Authority (BaFin), while operating under the supervision of the European Central Bank (ECB), Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-24\/dekabank-steigt-in-den-an-und-verkauf-von-kryptowahrungen-ein?sref=3REHEaVI\" target=\"_blank\">reported<\/a>.<\/p>\n<p>&#8220;We have the necessary experience, required licenses and a tested, ready-to-use infrastructure to support savings banks and our institutional clients,&#8221; board member Martin K. M\u00fcller told Bloomberg.<\/p>\n<p>DekaBank, the asset manager of the country\u2019s largest financial services group, Sparkassen-Finanzgruppe, is marketing its new offering with a focus on security and regulatory compliance, according to the report. <\/p>\n<p>Other cryptocurrency offerings in the country\u2019s broader savings bank sector have already been introduced. Financial institutions such as Landesbank Baden-W\u00fcrttemberg (LBBW), have partnered with crypto platforms like Bitpanda to allow corporate clients to buy and sell cryptocurrencies.<\/p>\n<p>Meanwhile Germany\u2019s cooperative banks, led by DZ Bank, are planning to roll out a cryptocurrency offering aimed at private customers by the middle of the year. The initiative is being launched alongside IT service provider Atruvia and the Stuttgart Stock Exchange.<\/p>\n<p>DekaBank had not responded to a request for a comment by publication time.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>DekaBank, a German investment bank with 377 billion euros ($395 billion) in assets under management, introduced cryptocurrency trading and custody services for institutional clients after almost two years of development. The Frankfurt-based company\u2019s move follows regulatory approval for a crypto custody license from the Federal Financial Supervisory Authority (BaFin), while operating under the supervision of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14720","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14720"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14720\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}