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Deutsche Boerse’s post-trade services provider, Clearstream, will begin offering cryptocurrency custody and settlement services for institutional clients starting next month. This service will initially support Bitcoin and Ethereum, with plans to potentially include additional cryptocurrencies based on demand.
This move is part of Deutsche Boerse’s broader strategy to integrate digital assets into traditional financial markets. Last year, the company launched a crypto trading platform for institutional investors, and now, with Clearstream’s new custody services, clients will be able to settle and hold cryptocurrencies directly within Clearstream’s infrastructure.
The introduction of these services aligns with the European Union’s Markets in Crypto-Assets (MiCA) regulation, established in 2023, which provides a regulatory framework for digital assets across Europe. Other major financial institutions, such as Bank of New York Mellon and State Street, have also expanded into crypto custody services, reflecting a growing institutional interest in the cryptocurrency sector.
Deutsche Boerse’s subsidiary, Crypto Finance, will act as a sub-custodian for these services, ensuring secure management of digital assets. This development underscores the increasing integration of cryptocurrencies into mainstream financial services, offering institutional clients more avenues to engage with digital assets within regulated frameworks.
What is Deutsche Boerse?
Deutsche Boerse is a German financial services company that operates one of the world’s largest stock exchanges, the Frankfurt Stock Exchange. It provides trading, clearing, settlement, and custody services for various financial instruments, including stocks, derivatives, and now cryptocurrencies. The company is headquartered in Frankfurt, Germany.
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