DZ Bank provides services to 737 community and cooperative banks in Germany. Last month, Bloomberg reported that the bank plans to start piloting a retail crypto service for its community bank partners. Börse Stuttgart confirmed to Ledger Insights that it is the crypto partner for both cryptocurrency trading and custody. DZ Bank acknowledged the relationship. German news outlet BTC Echo first reported the news.
The German stock exchange was ahead of the game on crypto, launching a retail-focused cryptocurrency exchange in 2019. Axel Springer and SBI Digital Asset Holdings are investors in Börse Stuttgart Digital.
DZ Bank launched its own institutional digital asset custody solution late last year. It involves a collaboration with Ripple-owned technology firm Metaco.
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