DekaBank, a German provider of investment advisory services with €360 billion in assets under management, has partnered with a Swiss crypto provider METACO to offer crypto custody and management operations.
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The firm said in a press release that DekaBank will utilize METACO's proof-of-custody service Harmonize for offering banking propositions around crypto. The German platform will particularly offer crypto-related services to its network of savings banks.
Andreas Sack, Product Owner Digital Assets Custody at DekaBank, said that cryptocurrencies are a "critical part of the future, a radical new way for how assets will be represented, from currencies to real estate." However, it is unclear when exactly DekaBank plans to roll out the new service as it needs to receive a license in the first place from the Federal Financial Supervisory Authority.
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