Germany’s largest banking establishment, German Financial institution (ETR:), reportedly utilized for a digital asset custody license from the nation’s monetary regulator, the Federal Monetary Supervisory Authority, or BaFin, in a bid to broaden its income streams, Bloomberg reported.
This follows the same shift within the financial institution’s funding arm, DWS Group, and goals to broaden custodial companies for digital property, together with cryptocurrencies. DWS Group beforehand had expressed an curiosity in investing in two German crypto corporations. Corporations buying and selling with DWS Group included Deutsche Digital Property, a supplier of exchange-traded crypto merchandise, and market maker Tradias.
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