solarisBank Launches Crypto-focused Department
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Dec. 11, 2019
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Berlin-based fintech company that offers Banking as a Platform (BaaP) services with its German banking license solarisBank has founded the subsidiary Digital Assets GmbH.

In 2020, the subsidiary will reportedly apply to the Bafin Financial Regulator for one of the newly introduced crypto custody licenses and will then store bitcoin (EXANTE: Bitcoin) and other digital currencies.

Michael Offermann, Managing Director for crypto banking activities at solarisBank claims the company started its first steps into the industries of blockchain and cryptocurrencies almost two years ago by launching the Blockchain Factory.

"Now, we’re deepening this engagement by focusing fully on becoming the main infrastructure provider for digital asset pioneers with solaris Digital Assets. It’s the logical next step," Offermann added.

Previously iHodl reported that the German Federal Minister of Finance and Vice-Chancellor Olaf Scholz called for the creation of a digital euro coin.

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