Commerzbank AG, one of Germany’s leading full-service banks, has obtained a crypto asset custody license, marking a significant milestone in the country’s financial landscape.
This regulatory approval positions Commerzbank as the first major German bank to offer comprehensive digital asset services, signifying a growing acceptance of cryptocurrencies within the European banking sector.
Commerzbank Leads The Way
According to Bloomberg, Commerzbank’s successful acquisition of a crypto custody license allows the bank to establish a diverse range of digital asset services, focusing on crypto assets.
By obtaining this license, Commerzbank has become the first full-service German bank to do so. The license gives the bank a strategic advantage to address growing client interest in cryptocurrencies and related services and foster greater engagement with digital assets. Jörg Oliveri del Castillo-Schulz, Chief Operating Officer of Commerzbank, said:
Now that we have been granted t
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