In a latest update, as per a report from Bloomberg, DekaBank, a German investment bank managing $395 billion in assets, has launched cryptocurrency trading and custody services for institutional clients after nearly two years of development. The bank received regulatory approval for a crypto custody license from the Federal Financial Supervisory Authority (BaFin) and operates under the oversight of the European Central Bank (ECB).
In 2025, the global economy has witnessed a growing pro-crypto trend, with the United States taking the lead. After President Donald Trump’s election, the U.S. has embraced a major overhaul of its crypto policies, sparking interest from financial institutions worldwide to adopt the asset class.
“We have the necessary experience, required licenses and a tested, ready-to-use infrastructure to support savings banks and our institutional clients,” noted Martin K. Müller, a board member of DekaBank.
Focus On Security And Compliance
As the asset manager for Germany’s largest financial group, Sparkassen-Finanzgruppe, DekaBank is promoting its new services with an emphasis on security and regulatory compliance.
Other financial institutions in Germany’s savings bank sector have already launched cryptocurrency services. For example, Landesbank Baden-Württemberg (LBBW) has teamed up with Bitpanda to enable corporate clients to trade cryptocurrencies.
Besdies, Germany’s cooperative banks, led by DZ Bank, plan to launch a crypto offering for private customers by mid-year. Notably, the initiative is being launched alongside IT service provider Atruvia and the Stuttgart Stock Exchange.
