DZ Bank Partners with Boerse Stuttgart Digital to Offer Crypto Access to 700 Banks

cryptonews.com:

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Germany’s DZ Bank is set to provide its 700 cooperative bank customers access to crypto trading and custody services through a partnership with Boerse Stuttgart Digital.

The collaboration, announced in a press release on Thursday, aims to enable DZ Bank’s clients to offer retail customers a secure and regulated entry point into digital assets.

Boerse Stuttgart Digital will provide the technical and operational infrastructure, which is already being set up.

The initial rollout will begin this year, with a phased implementation and testing phase for selected retail clients.

“We offer Boerse Stuttgart Digital’s proven and fully regulated crypto trading and custody infrastructure to financial institutions across Europe,” said Dr. Matthias Voelkel, CEO of Boerse Stuttgart Group.

“This is especially interesting for financial institutions which put a particular focus on professionalism, security, reliability, and trust – as does DZ BANK.”

With $627 billion in assets under management, the Frankfurt-based DZ Bank launched its own crypto custody platform in November 2022.

The move marks another significant step for German financial institutions embracing digital assets.

#Nachhaltigkeit ist in vielen Kundengesprächen ein zentrales Thema. Wichtig ist Transparenz: „Die Banken möchten erfahren, wo ein Unternehmen aktuell steht und welche Ziele und konkreten Maßnahmen es für die #Transformation verfolgt“, so #dzbank-Experte T. Winkelsett heute in @sz pic.twitter.com/OhcyKvIgze

Last month, Germany’s largest state-owned development bank