This move reflects the increasing demand for digital assets among corporate customers, with LBBW aiming to support their individual crypto strategies.
The cryptocurrency landscape in Germany is evolving rapidly, with banks and asset managers gearing up for forthcoming EU regulations such as the MiCA framework.
In the latest development, Germany’s largest federal bank, Landesbank Baden-Württemberg (LBBW), has announced its intention to launch cryptocurrency custody services in collaboration with Bitpanda exchange.
LBBW and Bitpanda disclosed their plan to provide crypto custody solutions to institutional and corporate clients, commencing in the latter half of 2024, according to a joint statement released on Monday. Speaking on the development, Jürgen Harengel, managing director of corporate banking at LBBW, told Bloomberg:
“The demand from our corporate customers for digital assets is increasing. We are convinced that crypto assets will establish themselves as a building block for

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