Today Germany’s Landesbank Baden-Württemberg (LBBW) announced a partnership with crypto firm Bitpanda to provide cryptocurrency services to its corporate clients. Initially that includes custody and trading of Bitcoin, ETH and other digital assets. It plans to start with a custody pilot during the second half of 2024.
As part of the deal Bitpanda will provide LBBW with an “investing-as-a-service” infrastructure.
“The demand from our corporate customers for digital assets is increasing,” said Dr. Jürgen Harengel, COO Corporate Bank of LBBW. “We are convinced that crypto assets will establish themselves as a building block for further business models. With the cooperation, we are creating the technical and regulatory basis at an early stage to best support the individual crypto strategies of our corporate customers.”
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