DWS, the Deutsche Bank asset management subsidiary, is mulling digital asset acquisitions to take advantage of lower prices following the crypto crash and collapse of FTX. Two potential targets in its sights are Deutsche Digital Assets and Tradias, Bloomberg reports citing insider sources.
This is unlikely to be a pure cryptocurrency play. In a December presentation, DWS mentioned plans to launch a Euro stablecoin and become THE Tokenizer for both tokenized real world assets and funds that invest in tokens.
Asset manager Deutsche Digital Assets was formerly known as Iconic and manages exchange traded products for Bitcoin, Ethereum, EOS and Apecoin, as well as other crypto funds.
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