Commerzbank has partnered with Crypto Finance, a subsidiary of Deutsche Börse, to provide corporate clients in Germany with secure access to crypto assets like bitcoin and ether. This collaboration allows Commerzbank to offer crypto custody services while Crypto Finance handles secure trading, creating a seamless and regulated entry point into digital assets for corporate clients.
The new service is initially available to select existing Commerzbank corporate clients and focuses on bitcoin and ether, two of the most well-established cryptocurrencies. Commerzbank became the first German universal bank to receive a crypto custody license in 2023, allowing it to provide these services under strict regulatory guidelines. This aligns with the bank’s broader digitalization strategy, for which it has been recognized as a leader in corporate banking.
Crypto Finance has been a pioneer in institutional crypto services since 2017, offering regulated trading and custody of digital assets. With licenses from the Federal Financial Supervisory Authority (BaFin), Crypto Finance has expanded its presence in Germany to meet the growing demand for institutional crypto services.
“We are a reliable and competent partner for our corporate clients in these future markets,” said Gernot Kleckner, Divisional Board Member of Capital Markets at Commerzbank. “Our joint solution represents the highest level of security in trading and custody of crypto assets.”
Stijn Vander Straeten, CEO of Crypto Finance, added, “This partnership is a significant milestone, enabling us to offer more companies in Germany access to regulated crypto services.”
This partnership represents a crucial step in expanding regulated digital asset services to corporate clients, enabling companies to explore opportunities in the growing crypto market.
