Germany’s largest banking establishment, Deutsche Financial institution (ETR:) has reportedly utilized to the nation’s monetary regulator, the Federal Monetary Supervisory Authority, or BaFin, for a digital asset custody license to broaden its income streams, Bloomberg reported.
It follows an analogous transfer from the financial institution’s funding arm DWS Group and goals to broaden digital asset custody providers, together with cryptocurrencies. The DWS Group beforehand had confirmed curiosity in investing in two German cryptocurrency firms. Deutsche Digital Belongings, cryptocurrency exchange-traded product supplier and market maker Tradias are in talks with DWS Group.
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