Last week Germany’s dwpbank launched wpNex, a digital assets platform to support cryptocurrency and crypto-asset trading for its 1200 German banking clients. In turn, those banks represent 5.5 million retail customers, aiming to enable its partner banks to offer crypto-assets to end users.
Its first pilot transaction was for Bitcoin with MLP Banking. “The pilot project with dwpbank offers the opportunity to offer our customers trading in cryptocurrencies as a first step,” said Dr. Paul Utzat, Head of Account and Securities Processing at MLP Banking AG. “In our customer portal, it is so to speak, a logical addition to the existing wealth management offering.”
Dwpbank described trading in cryptocurrencies as the first component of its offering and is planning regulated trading of other digital assets.
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