Following the approximately two -year development process, Germany -based Dekabank has implemented crypto assets and storage services for corporate customers. While the Bank started meticulously working on security and regulatory compliance issues, it started to offer its service with the supervision of the European Central Bank (ECB) and the approval of Bafin. Dekabank, which started to take its place as a new service in the financial market, made this step based on its current infrastructure and necessary licenses.
Crypto service from the bank
The service that came into play after the approval of the Federal Financial Audit Authority (Bafin) was shaped under the supervision of regulatory institutions. Developed in the two -year preparation process, the system has been designed in accordance with the needs of corporate customers. The Bank said that it has taken important steps in the transition to service with its solid infrastructure and licenses.
Related institutions and business partnerships
Dekabank also operates as the asset manager of Sparkassen-Finanzgroup, the country’s largest financial services group. In a similar area, as in the case of Landesbank Baden-Württemberg, other financial institutions continue to provide alternative digital asset services to their customers. Germany’s cooperative banks aim to activate new solutions for individual customers with the services they plan in the middle.
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Emphasis on security and regulations, the new service, technological infrastructure attracted attention. The expectations of the sector were taken into consideration in the development of the service. Within the scope of the project, it is aimed to provide flexible solutions for the needs of institutions.
Martin K. Müller: “We have the necessary experience, licenses and tested infrastructure ready for use.”
While other financial institutions continue to work in similar areas, there are initiatives to expand the scope of the service with business partnerships. Planned applications are considered to support alternative digital asset services for corporate and individual customers.
This development in the financial sector attracts attention with its regulatory supervision and infrastructure assurance and has the potential to create diversity in the market. The innovative step is seen to affect the competitive environment in the field of service. Closely monitoring of developments can give clues about the future orientations of the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
