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German Bank :
and Swiss Partnership for Bitcoin and Cryptography
DekaBank :
- one of Germany's largest asset managers
- has selected Swiss crypto provider Metaco to
- offer bitcoin-related products to its customers.
DekaBank, a major player in German banking, will provide bitcoin goods to its business clients.The company partnered with Swiss service provider Metaco to build its new range of offers.
The top provider of securities services is DekaBank.
Providing capital market solutions to the finance group of German savings banks.
One of Germany's largest asset managers will offer bitcoin and cryptocurrencies to its customers.
DekaBank :
- which owns more than 360 billion euros
- ($390 billion) in assets
- under management (AUM)
Swiss encryption service provider Metaco to support and coordinate the preservation and management of digital assets, in a press release issued on Tuesday.
DekaBank is a major provider of securities services in Germany
offering a wide range of services
Including conservation, asset management and capital market solutions for the German finance group from Savings Bank.
With a regulated and user-friendly investing tool, the new cooperation will make bitcoin and cryptocurrency services available to DekaBank's large network of savings institutions.
Andreas Sack :
owner of DekaBank Digital Asset Conservation, said in a press release:
Digital assets are an important part of
the future :
a whole new approach to represent assets, like as money or real estate.
"Today we are setting the groundwork for providing our institutional investors and millions of Germans with access to this game-changing possibility," the statement reads.
In July 2021 :
DekaBank was reportedly considering investing in
Bitcoin after a new German law that would allow institutional funds
so-called Spezialfonds
to subtract up to 20% of their holdings in bitcoin and other cryptocurrencies.
Recently :
- and encryption services to their customers.
- This step is an important development in the financial sector
where both institutions are highly respected
and influential in the European banking industry.
Bitcoin is a decentralized cryptocurrency running on a peer-to-peer network.
It has greatly increased in popularity in recent years as a result of
its rapid and safe processing of transactions
and its ability to operate independently of traditional banking systems. However, many people remain reluctant to use it due to concerns about its security and stability.
To address these concerns, Bundesbank
and Swiss have partnered to provide bitcoin services to their customers.
This partnership will allow customers to buy
- sell and store bitcoin safely through their bank accounts.
- In addition, banks will provide encryption services to
- ensure that customer transactions and personal information are kept safe.
Encryption is the process of coding information so that it can only be accessed by licensed parties. This technology is necessary to protect sensitive information, such as bank account numbers, passwords and personal identity information, from hackers and other harmful actors.
The partnership between the Bundesbank
and Switzerland is an important step forward in the adoption of
- bitcoin technology and cryptography in the financial sector.
- By providing these services to their customers
- banks provide a safe and reliable way for people to use bitcoin
which can lead to wider acceptance of cryptocurrency.
In addition, banks' focus on encryption technology will help ensure that customers' personal and financial information remains secure, which is critical in today's digital age.
In general, the partnership between the Bundesbank
and Swiss is an exciting development in the financial industry.
By adopting new technologies such as bitcoin and encryption
banks show that they are committed to providing their customers with innovative and secure financial services. The move may have significant implications for the future of banking and the wider accreditation of cryptocurrencies.
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