Clearstream, the post -trade unit at Deutsche Boorese, has announced that it will provide custody and settlement services for institutional customers later this year.
Services will be provided through the company, Crypto Finance, which will be a secondary conductor.
Clearstream offer
According to Bloomberg a reportClearstream will provide Bitcoin (BTC) and ETHEREUM (ETHEM) nursery services for its 2500 customers starting next month. The company also plans to provide support for other encrypted currencies and expand its offers to include lending, lending and mediation capabilities.
“Through this offer, we create one store on custody, mediation and settlement,” said Jeans Hashmeyster, head of the new source services and digital markets at the company. He also stated that this step will allow it to provide asset services such as Stablecoins and the distinctive securities in the future.
According to President Crypto Finance Stijn Vander Straemen, the organization began to plan for this service almost a year ago. The CEO added that the strategy will enable banks and large institutions to adopt digital assets more quickly using familiar technology tools and compliance tools.
Clearstream is one of the largest clearing houses in Europe, with about $ 21.7 billion of management assets (AUM) as of January this year. Central stock deposits of the company will be able to access encryption and settlement custody services using their current accounts with Clearstream Banking SA.
The increasing demand under Mika
Traditional financial institutions are working to increase their presence in digital assets in response to organizational clarity in regions such as the European Union (EU), Singapore and the United Arab Emirates (United Arab Emirates).
Vander two strategies stated that the demand from international bank customers is “very high” since the markets entered the organization of encrypted trims (MICA) on December 30, 2024. He pointed out that management companies in these institutions often spend up to 5 million euros to build and maintain internal encryption teams. “This is an opportunity to get this at an additional cost,” he said.
The last show follows a modern teacher in Germany, where Boerse Stuttgart Digital Customy has become the first coding asset service provider to get a full license for MICA. Under the license at the level of Europe, the organization is now an organization for the infrastructure of banks, brokers and asset managers.
Meanwhile, the Spanish Bank BBVA SA received organizational approval on Monday to launch encryption trading services for retail customers. Financial Corporation Plan To first provide trading services for BTC and ETH through its mobile banking application, with a gradual start starting with a selected group of customers before expanding all over the country.
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