Commerzbank AG Secures License for Crypto Asset Custody in Germany
Date: 2023-11-16 Author: Dima Zakharov Categories: CRYPTO PAYMENTS
A Milestone License for Commerzbank AG
Commerzbank AG, a prominent financial institution, proudly announced the acquisition of a license from Germany's regulatory authority, BaFin, granting them the capability to securely store a variety of digital assets. This achievement positions Commerzbank as a pioneer in the industry, becoming the first specialized institution to offer a broad spectrum of cryptocurrency-related services.
Strategic Move and Innovation Commitment
Olivieri del Castillo-Schulz, the Chief Operating Officer of Commerzbank, emphasized the strategic significance of obtaining the BaFin license. He stated, "Securing this license marks a crucial strategic move for our organization. It underscores our unwavering commitment to advancing innovations in the banking sector."
