Deutsche Bank is working with Taurus, a Swiss startup that specializes in cryptocurrency safekeeping, to establish digital asset custody and tokenization services, the companies said on Thursday.
Germany’s biggest lender, Deutsche Bank said it had applied for a crypto custody license from the country’s financial watchdog, BaFin, in June. The bank’s publicly known crypto custody ambitions stretch back to early 2021, when details about a digital asset custody prototype appeared in a report by the World Economic Forum.
Germany’s roll-out of rules for firms to custody crypto assets, and, more broadly, Europe’s proposed regime for Markets in Crypto-Assets regulation (MiCA), are providing traditional finance firms with the clarity
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