Germany’s second-largest bank by asset size, DZ Bank, announced plans to offer digital asset management services to its corporate customers.
The new service’s infrastructure will be provided by Swiss tech firm Metaco’s custody platform Harmonize.
- DZ Bank executive Nils Christopeit said Harmonize would provide security and scalability for their crypto services.
- Craig Perrin, the chief sales officer at Metaco, stated that Metaco’s infrastructure was designed to assist institutions in embracing digital assets and taking part in the digital asset market.
- DZ Bank controls around $315B in assets under custody.
- Metaco also announced partnerships with the industry’s other key figures, including German DekaBank, French financial services company Societe Generale, and the U.S.-based banking company Citibank, over the last eight months.
- The Switzerland-based company plans to launch a blockchain-based tokenization platform expected to be released in 2024 in collaboration with DekaBank.
- DekaBank is the largest bank in Germany, managing more than $434B in assets.
