Commerzbank, a German bank, has received a crypto custody license from local regulators, making it the first “full-service” bank in Germany to obtain such a license under the German Banking Act. This license allows Commerzbank to offer custody services for crypto assets and expand its digital asset services. The bank’s chief operating officer, Dr. Jörg Oliveri del Castillo-Schulz, sees this as an important milestone that demonstrates the bank’s commitment to adopting new technologies. Commerzbank’s next step is to establish a secure and compliant platform that will support its institutional clients in accessing crypto custody services via blockchain. This is an ongoing story, and more information will be provided as it becomes available.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Europe
Countries	🇩🇪
Sentiment	positive
Relevance Score	1
People	Dr. Jörg Oliveri del Castillo-Schulz
Companies	German Banking Act, Striga, Bitwala, Commerzbank
Currencies	None
Securities	None