DekaBank will provide cryptocurrency trading to its institutional client base through a partnership with Börse Stuttgart Digital, the regulated brokerage. The bank provides securities services and asset management (€400m+) for Germany’s government owned savings banks, which are also its shareholders.
Börse Stuttgart Digital provides similar services to DZ Bank, which in turn serves more than 700 community banks. DZ Bank started piloting the cryto offering for retail clients late last year.
“Partnering with DekaBank to offer crypto trading to its institutional clients underscores our commitment to providing financial institutions across Europe with secure and fully regulated infrastructure solutions,” said Dr. Matthias Voelkel, CEO of Boerse Stuttgart Group.
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