Commerzbank Granted Crypto Custody License!

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The German bank Commerzbank has received approval for a cryptocurrency custody license, marking a significant step for the country’s financial industry. As the fourth-largest bank in Germany, Commerzbank aims to establish a secure and compliant platform to store digital assets for its institutional clients. This move comes as the demand for cryptocurrency custody solutions continues to grow, with traditional financial institutions seeking to offer such services to meet client needs. Commerzbank’s decision to enter the cryptocurrency custody space highlights the increasing acceptance and adoption of digital assets by mainstream financial institutions.