- Deutsche Bank hopes to meet the growing demand from institutional investors.
- The prominent bank has formed a strategic relationship with the Swiss crypto firm Taurus.
In order to provide a comprehensive custody solution for institutional customers interested in the safeguarding of their cryptocurrencies and tokenized assets, the prestigious Deutsche Bank has formed a strategic relationship with the Swiss crypto firm Taurus. This is a huge step forward in connecting the established banking system with the quickly developing cryptocurrency market, as anticipated.
Deutsche Bank hopes to meet the growing demand from institutional investors. By offering complete and reliable crypto custodial solutions via its partnership with Taurus, a well-respected leader in the blockchain and cryptocurrency field.
Deutsche Bank has said that although cryptocurrency trading is not currently in the firm’s plans. The cooperation will allow the bank to hold a small amount of cryptos for its customers.
Offering Reliable Custody Services
The bank has made moves in the past to provide services related to the custody of digital assets, so this is not a first. A similar effort was undertaken in 2020, but no date was ever given for when services would really begin.
As digital assets continue to gain popularity, more and more traditional investors are beginning to see the merits of including them in their portfolios. However, these investors have encountered difficulties due to worries about security, regulations, and dependable infrastructure.
Deutsche Bank’s entry into the cryptocurrency custody market is motivated by a desire to allay these fears. By giving institutional customers access to a reliable system for the safekeeping and management of digital assets.
Together, the knowledge and experience of Taurus and the conventional financial prowess of Deutsche Bank constitute a strong synergy that is well-positioned to establish new benchmarks in the crypto custody market.
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