DekaBank Embraces Institutional Crypto Adoption

DekaBank is expanding its services to cater to institutional clients by offering secure digital asset solutions for the first time. This move comes as Germany accelerates its crypto adoption, with leading banks like LBBW and DZ Bank already providing similar offerings while some are focusing on retail-oriented trading platforms. The Frankfurt-based institution has secured a digital asset custody license under Germany’s Banking Act and received approval from the ECB and BaFin for compliance with financial regulations.