Ripple powers German banking giant DZ Bank’s crypto custody business
DZ Bank, one of the largest banks in Germany, plans to launch its digital asset custody platform for institutional clients and has announced plans to use Ripple technology to provide the product. Ripple Labs subsidiary Metaco has been appointed as a key partner to support DZ Bank's foray into the crypto custody business. As part of its new functionality, DZ Bank can now act as a custodian for institutional clients' cryptocurrencies, settling and holding cryptocurrency securities in accordance with German electronic securities law.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump’s meme token skyrockets 70% after VIP dinner invite
A whale spent over $4 million to buy VIRTUAL, WLD, COOKIE and other tokens
CloneX NFTs Hit a Wall as Images Vanish From OpenSea
SUI Jumps 73% After Grayscale and Mastercard Boost
SUI gains 73% in a week, driven by a Grayscale Trust listing and a strategic partnership with Mastercard.SUI Skyrockets After Major Institutional MovesMastercard Partnership Fuels Adoption HopesWhat’s Next for SUI?
Trending news
MoreCrypto prices
More
