DZ Bank Launches Digital Asset Custody Platform Leveraging Ripple's Technology
DZ Bank, one of Germany's largest banks, has launched its Digital Asset Custody platform for institutional clients and will be using Ripple's technology for the offerings. This move reflects the growing interest of traditional financial institutions in crypto and its affiliated innovations. DZ Bank is on its way to becoming one of the first regulated banks in Germany to launch such crypto-related offerings to institutional customers. The bank is utilizing Harmonize™, Metaco's digital asset custody and orchestration platform, for the offering.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Prediction Market Shows 75% Chance of New Country Buying Bitcoin This Year
Frax community approves frxUSD stablecoin backed by BlackRock's BUIDL
According to RWA.xyz, BlackRock's USD Institutional Digital Liquidity Fund has over $648 million in assets under management. The Frax community has voted to pass FIP-418 to use BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin. A