DekaBank secured a crypto custody license from both the European Central Bank and Germany’s BaFin, positioning its institutional crypto service as a secure and compliant solution

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The Frankfurt-based company’s move follows regulatory approval for a crypto custody license from the Federal Financial Supervisory Authority (BaFin), while operating under the supervision of the European Central Bank (ECB), Bloomberg reported
The Frankfurt-based company has obtained a digital asset custody license under the German Banking Act, approved by the European Central Bank and the Federal Financial Supervisory Authority (BaFin)
The bank has obtained a crypto custody license from the European Central Bank and Germany’s financial regulator, BaFin