DZ BANK Launches Digital Custody Platform for Crypto Securities

On January 9, 2025, DZ BANK launched its digital custody platform for crypto securities, integrating blockchain technology for efficient management of tokenized bonds and digital assets. This initiative aligns with Germany's eWpG law, allowing the bank to enhance services for institutional clients.

Key points:

Collaboration with Ripple Custody established infrastructure for blockchain analytics and secure custody services
Platform manages €350 billion in assets under custody as of August 2024
Enhances settlement and management of digital assets through a robust blockchain-based architecture
Focus on innovation positions DZ BANK as a leader in institutional digital asset custody in Germany

Holger Meffert, head of securities services at DZ BANK, emphasized pride in being among the first banks in Germany to launch a digital custody platform compliant with German securities law.

The partnership with Ripple indicates a commitment to digital transformation, influencing other European banks. In September 2024, Zürcher Kantonalbank began offering Bitcoin and Ethereum trading, while Commerzbank announced plans for corporate client trading and secured a crypto custody license in November 2023.