{"id":64678,"date":"2023-11-15T18:38:27","date_gmt":"2023-11-15T22:38:27","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=64678"},"modified":"2023-11-15T18:39:38","modified_gmt":"2023-11-15T22:39:38","slug":"german-banking-giant-commerzbank-granted-crypto-custody-license","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/german-banking-giant-commerzbank-granted-crypto-custody-license\/","title":{"rendered":"German Banking Giant Commerzbank Granted Crypto Custody License"},"content":{"rendered":"\n

Commerzbank has made a significant stride in the digital asset sector by becoming the first German full-service bank to receive a Crypto Custody License<\/a>. <\/p>\n\n\n\n

\"German
German Banking Giant Commerzbank Granted Crypto Custody License<\/figcaption><\/figure>\n\n\n\n

The fourth-biggest bank in Germany, Commerzbank AG, has been granted a regulatory custody license for cryptocurrency. Commerzbank is now the first full-service bank in Germany to hold this kind of license, which is a big step toward integrating digital assets<\/a> with conventional banking services.<\/p>\n\n\n\n

\n

Wir haben als erste deutsche Universalbank die #Kryptoverwahrlizenz\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> erhalten. Diese erm\u00f6glicht uns, ein breites Spektrum von Dienstleistungen im Bereich digitaler Verm\u00f6genswerte, speziell Kryptowerte, aufzubauen. Mehr dazu im Interview mit Dr. J\u00f6rg Oliveri del Castillo-Schulz.<\/p>— Commerzbank (@commerzbank) November 15, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

Commerzbank is authorized by the German Banking Act (KWG)'s Article 1 Section 1a Sentence 1 No. 6 to provide a wide range of services related to digital assets. <\/p>\n\n\n\n

This action is in line with the bank's strategic ambition to improve its service offerings, particularly in the cryptocurrency space, by utilizing cutting-edge technologies.<\/p>\n\n\n\n

Commerzbank's first goal is to develop a stable and safe platform that complies with regulatory requirements to make it easier for its institutional clients to hold cryptocurrency assets. <\/p>\n\n\n\n

Because this network is built on blockchain technology, users may be assured of high security and dependability. Commerzbank's Chief Operating Officer, Dr. J\u00f6rg Oliveri del Castillo-Schulz<\/use><\/svg><\/span><\/a>, stressed the importance of this breakthrough. <\/p>\n\n\n\n

Thanks to this accomplishment, he underlined that the institute will be able to assist its clients in navigating the rapidly changing world of digital assets. <\/p>\n\n\n\n

Significant progress has lately been made in Germany regarding institutional bodies adopting cryptocurrencies. This year, the nation saw a 3% growth in blockchain funding, and it played host to numerous significant blockchain events. <\/p>\n\n\n\n

Germany was also recently chosen by Coinbase as a major focus for talent development due to the country's increasing usage of web3 technology <\/a>relative to the United States. <\/p>\n","protected":false},"excerpt":{"rendered":"

Commerzbank has made a significant stride in the digital asset sector by becoming the first German full-service bank to receive a Crypto Custody License. The fourth-biggest bank in Germany, Commerzbank AG, has been granted a regulatory custody license for cryptocurrency. Commerzbank is now the first full-service bank in Germany to hold this kind of license, […]<\/p>\n","protected":false},"author":43,"featured_media":64680,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[9297,15082,711],"class_list":["post-64678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-commerzbank","tag-crypto-custody-license","tag-germany"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/croc_1700083444140.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/64678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=64678"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/64678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/64680"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=64678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=64678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=64678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}