Clearstream Introduces Bitcoin and Ether Custody Services

Deutsche Boerse’s Clearstream is set to offer cryptocurrency custody and settlement services for institutional clients starting next month, focusing on Bitcoin and Ether. This initiative follows the launch of their crypto trading platform for institutional investors last year. Clearstream’s service will integrate crypto trading from multiple venues, with Deutsche Boerse’s subsidiary, Crypto Finance, acting as sub-custodian.

Clearstream’s Foray into Crypto Custody

This move aligns with a broader trend among European financial institutions venturing into cryptocurrencies, especially after the European Union introduced the Markets in Crypto-Assets regulation (MiCA) in 2023. Other major financial institutions, such as Bank of New York Mellon and State Street, have also entered the crypto custody arena. The evolving regulatory landscape and recent political developments, including Donald Trump’s election as U.S. President, have further spurred mainstream financial institutions’ interest in the crypto sector globally.