Commerzbank, a German bank, has become the first full-service bank in the country to obtain a crypto custody license from local regulators. This license allows the bank to provide custody services for cryptocurrencies, ensuring the safe storage and management of digital assets on behalf of its clients. The approval from regulators highlights the increasing recognition and acceptance of cryptocurrencies within the financial industry. Commerzbank’s move into the crypto custody space demonstrates its commitment to staying at the forefront of emerging technologies and catering to the evolving needs of its customers. This development could pave the way for other traditional banks to explore and offer similar services in the future.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinCommerzbank granted crypto custody license in Germany