Germany’s largest banking establishment, Deutsche Financial institution (ETR:) has reportedly utilized to the nation’s monetary regulator, the Federal Monetary Supervisory Authority (BaFin), for a digital asset custody license, in keeping with Bloomberg. report.

This follows an identical transfer from the financial institution’s funding arm, DWS Group, which goals to develop its digital asset custody companies, together with cryptocurrencies. DWS Group beforehand indicated an curiosity in investing At two German cryptocurrency corporations. Corporations in talks with DWS Group included crypto trade product supplier Deutsche Digital Property and market maker Tradias.

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