Germany’s Largest Federal Bank to Offer Crypto Custody Services

Landesbank Baden-Württemberg, Germany’s biggest federal bank, plans to start offering cryptocurrency custody services in partnership with the Bitpanda exchange.

LBBW and Bitpanda will offer crypto custody to institutional and corporate clients starting in the second half of 2024, the two companies said in a statement on Monday.

“The demand from our corporate customers for digital assets is increasing,” said Jürgen Harengel, managing director of corporate banking at LBBW.

German banks and asset managers have become increasingly active in cryptoassets, offering custodial services and developing their own products for the asset class ahead of EU regulations poised to take effect later ...