DekaBank has partnered with METACO to provide crypto exposure to institutions.
German asset management giant DekaBank begins offering crypto management assets.
Source: DekaBank
Traditional banks are gradually rolling out services within the crypto sector. German asset management giant DekaBank has teamed with Switzerland-based cryptocurrency firm METACO to offer retail and institutional clients access to digital assets, including Bitcoin and other crypto.
DekaBank has over €400 billion in assets under management, and boasts over 5.2 million securities accounts. Now, the bank will be providing its customers with digital asset custody and management operations. For this, DekaBank will use METACO’s Harmonize platform, which helps banks, custodians, and exchanges issue, store, trade, and manage crypto and digital assets.
“Digital assets are a critical part of the future, a radical new way for how assets will be represented, from currencies to real estate,” commented Andreas Sack, DekaBank executive, “Today we make another important step towards laying the foundation for giving our institutional investors and millions of people in Germany access to this transformational opportunity.”
DekaBank isn’t the online German bank newly providing crypto trading services. Neobank N26 announced digital assets services for clients in Germany, Switzerland, Ireland, Belgium, and Portugal, offering a selection of 200 cryptocurrencies.
Traditional financial institutions are beginning to see lucrative opportunities as cryptocurrency becomes commonplace on a global scale.
