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German Banking Giant DekaBank to Offer Crypto Services to its Clients

German banking giant DekaBank plans to offer cryptocurrency services to its clients, according to CoinDesk.

DekeBank building
DekeBank building

The bank will provide digital asset services to its over 1.5 million clients and utilize custody tech from a Swiss company.

DekaBank Joins Major Banks in Crypto Adoption

DekaBank, with over $390 billion in asset management, joins Societe General and Citibank in developing cryptocurrency offerings for its institutional clients. The bank will seek help from harmonize for asset management operations.

Digital assets are a critical part of the future," says Andreas Sack, DekaBank's product owner. As cryptocurrency adoption continues to rise, more traditional banks are likely to follow.