Commerzbank, one of the largest banks in Germany, has received regulatory approval to offer crypto custody services, making it the first full-service bank in the country to do so. The approval was granted by the Federal Financial Supervisory Authority (BaFin) under the German Banking Act. This milestone allows Commerzbank to develop digital asset solutions, including those specifically targeting crypto assets. The COO of Commerzbank, Dr Jörg Oliveri del Castillo-Schulz, emphasized the bank’s commitment to adopting the latest technologies and innovations. By providing custody for crypto assets, Commerzbank aims to serve a wide range of customers, including those in the blockchain technology industry. This development follows Deutsche Bank’s partnership with Swiss-based crypto firm Taurus, which also offers custody solutions for digital assets and tokenized financial instruments.

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Information	Details
Geography	Europe
Countries	🇩🇪
Sentiment	positive
Relevance Score	1
People	Dr Jörg Oliveri del Castillo-Schulz
Companies	Commerzbank, Federal Financial Supervisory Authority (BaFin), Taurus, Deutsche Bank
Currencies	None
Securities	None