The bank has said that its immediate priority is to build a platform that is secure and reliable.
Commerzbank claims to be the first “full-service” German bank to get such a license.
Commerzbank, a German bank, said on November 15 that it has received a cryptocurrency custody license from German authorities. Jörg Oliveri del Castillo-Schulz, chief operating officer of Commerzbank, stated that getting the license is an “important milestone.”
Moreover, Commerzbank claims to be the first “full-service” German bank to get such a license under the German Banking Act. The organization may now provide cryptocurrency custody services and “further digital asset services” as a result.
Custody Service-Initial offering
The bank has said that its immediate priority is to build a platform that is “secure and reliable” and fully conforms with local rules in order to provide crypto custody services via blockchain to its institutional customers.
Commerzbank told Reuters in an email
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