Germany’s KfW is set to introduce tokenized bonds. The largest development bank in the country announced its bonding in a recent press release that happened on Monday. Traditional finance institutions are exploring ways to put assets in bonds, credits, and funds, making the financial field more reliable. KfW is advancing
The largest cryptocurrency, Bitcoin, has been the community’s prime focus in the past two months, due to its price activity. With external factors taking a toll on Bitcoin, prices showed significant plunges and volatility. The drop in BTC price led to a considerable crypto market crash at the beginning of
In the past few weeks, the German government’s Bitcoin selling was the most discussed and watched within the crypto community. The government of Germany in a span of three weeks has managed to sell a notable 50,000 BTC. In the last 24 hours, their BTC holdings have fallen to almost
DZ Bank, the second-largest bank in Germany, said on Thursday that it would begin testing retail crypto trading this year. The cryptocurrency-friendly financial institution intends to pilot Bitcoin transactions with clients after launching a cryptocurrency custody platform in November last year. Sometime later this year, DZ Bank will reportedly begin
Commerzbank, a German bank, said on November 15 that it has received a cryptocurrency custody license from German authorities. Jörg Oliveri del Castillo-Schulz, chief operating officer of Commerzbank, stated that getting the license is an “important milestone.” Moreover, Commerzbank claims to be the first “full-service” German bank to get such
The German Federal Financial Supervisory Authority (BaFin) has issued a cryptocurrency custody license to BitGo, a company based in the United States. Headquartered in Palo Alto, California, BitGo initially established two regulated custodial organizations in Germany and Switzerland in February 2020. Also, BitGo Deutschland, a German affiliate, began offering custody
Deutsche Bank AG, the biggest bank in Germany, has just submitted an application to the appropriate authorities to begin providing custody services for digital assets like cryptocurrencies. This change, according to Deutsche Bank’s head of commercial banking, David Lynne, is part of the bank’s larger goal to boost fee revenue
The German Federal Financial Supervisory Authority (BaFin) issued the final license as a cryptocurrency custodian to Boerse Stuttgart Digital’s subsidiary, blocknox GmbH on Thursday. This comes at a time when the stock markets throughout the world have begun to recover. From the recent plunge caused by the downfall of major
DZ Bank is a subsidiary of Volksbanken Raiffeisenbanken, one of Germany’s major banking conglomerates. It has announced that it would use a platform developed by fintech company Metaco. To provide services related to digital currencies and crypto securities to institutional customers. Moreover, DZ Bank, Germany’s second-largest bank in terms of
Siemens, a German industrial and technology behemoth, has issued a digital bond on a public blockchain. Making it one of the first firms in Germany to do so. In compliance with the German Electronic Securities Act, it has a value of 60 million euros ($64 million) and a maturity of
