News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Cryptocurrency

Commerzbank secures crypto custody licence

The bank is planning to expand its digital asset services after scoring regulatory approval

Lenders look to custody as source of growth from institutional clients
Lenders look to custody as source of growth from institutional clients Photo: Kirill Kudryavtsev/Getty Images

Frankfurt-based Commerzbank has become the latest lender to enter the world of digital assets after securing a crypto custody licence in Germany.

The licence will allow the bank to establish a “broad range” of crypto services, the firm said in a 15 November statement.

WSJ Logo