Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Deutsche Börse Group, one of the world’s largest exchange organizations, is launching a crypto custody service for institutional investors. The initiative aims to simplify access to digital assets across the traditional financial system (TradFi).
Clearstream, a subsidiary and post-trading services division of Deutsche Börse Group, announced the upcoming launch of a service that will allow large financial institutions to securely store and manage digital assets through its infrastructure.
Related Posts
Clearstream is among the world’s largest post-trading operators, managing €19 trillion in assets. It operates the central securities depositories of Germany and Luxembourg, as well as a global depository for the Eurobond market. Clearstream’s infrastructure spans over 55 stock markets, offering services in settlement, asset custody, fund trading, distribution, and digital solutions.
The new service is being implemented with the support of Crypto Finance, which is also part of Deutsche Börse Group. Crypto Finance holds trading and custody licenses from the Swiss Financial Market Supervisory Authority (FINMA) and Germany’s Federal Financial Supervisory Authority (BaFin). In January this year, the company became a licensed crypto-asset service provider under the MiCA regulation.
The service is set to launch in April 2025, addressing the growing interest of institutional investors in digital assets. During the initial phase, Clearstream will support BTC and ETH only, with the potential addition of other cryptocurrencies based on consumer demand.
Previously, Clearstream’s trading platform was utilized by the European Central Bank to test DLT systems for tokenized assets and the digital euro (CBDC).
Статья Deutsche Börse Facilitates Crypto-Asset Integration Into TradFi опублиована на CoinsPaid Media.
