Commerzbank Secures Germany's Digital Currency Custody License

German Regulators Emphasize Adherence to Regulations

Commerzbank secures Germany's first digital currency custody license, allowing it to offer services to institutional investors. The bank plans to launch a digital platform for institutional customers, but before going live, German regulators must conduct additional inspections.

The action follows a trend of German financial institutions adopting digital assets with regulators stressing the need of adhering to current regulations.