Today the Boerse Stuttgart Group announced that its subsidiary blocknox plans to offer digital asset and cryptocurrency custody services to institutional investors.
The service started in a more limited context to support specific services. In January 2019, it was introduced for the BISON app and later in September for the Boerse Stuttgart Digital Exchange (BSDEX). The latest announcement is an expansion of services to fintechs, banks and asset managers.
“As a pioneer in Germany, blocknox has already been operating as a custodian of cryptocurrencies for more than one year. Now we want institutional clients to benefit from our experience and set-up as well. They can use blocknox’s reliable custody as a building block for their own services around digital assets,” said Dr Ulli Spankowski, Managing Director of blocknox GmbH.
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