Landesbank Baden-Württemberg (LBBW), Germany’s state-backed
lender, has unveiled plans to venture into cryptocurrency custody
services. In a strategic move, LBBW has announced a partnership with the
Austrian exchange platform Bitpanda to facilitate this initiative.
This collaboration aims to provide LBBW with the necessary
infrastructure for “Investment-as-a-Service,” enabling the storage
and procurement of various cryptocurrencies , including bitcoin and ether.
Stefanie Münz, Member of the LBBW Board of Directors, Source: LinkedIn
“By offering crypto-asset custody, we are positioning
ourselves with a clear added value for our corporate clients – while ensuring
the highest security standards,” Stefanie Münz, the Member of the LBBW Board
of Directors responsible for Finance, Strategy and Operations, said in a press
statement. “Bitpanda provides the necessary technical and regulatory
infrastructure to offer our customers innovative and, above all, secure
solutions in the area of digital assets.”
New partnership alert: Bitpanda x LBBW 🤝
Landesbank Baden-Württemberg, Germany’s largest federal state bank will enhance their digital asset offering in partnership with Bitpanda!
Bitpanda Technology Solutions provides LBBW with an “Investment-as-a-Service” infrastructure in… pic.twitter.com/hIwNXp9Wp4
— Bitpanda (@Bitpanda_global) April 15, 2024
Services to Launch for Corporate Clients in 2024
Initially, the crypto custody services will be targeted
towards corporate clients, with a scheduled market launch expected in the
latter half of 2024. This move reflects the increasing interest and demand for
cryptocurrency-related services within the financial sector.
Jürgen Harengel, COO of Corporate Bank at LBBW, Source: LinkedIn
“The demand from our corporate customers for digital
assets is increasing. We are convinced that crypto assets will establish
themselves as a building block for further business models. With the
cooperation, we are creating the technical and regulatory basis at an early
stage to best support the individual crypto strategies of our corporate
customers,” said Jürgen Harengel, the COO of Corporate Bank at LBBW.
Earlier, Bayern
Munich, the German football club, announced a multi-year partnership with Bitpanda,
as reported by Finance Magnates. Bitpanda has become the club’s platinum
partner and official crypto trading sponsor. The partnership was revealed at
Bayern’s home stadium, the Allianz Arena, during a match against TSG Hoffenheim
on January 12 this year.
Landesbank Baden-Württemberg (LBBW), Germany’s state-backed
lender, has unveiled plans to venture into cryptocurrency custody
services. In a strategic move, LBBW has announced a partnership with the
Austrian exchange platform Bitpanda to facilitate this initiative.
This collaboration aims to provide LBBW with the necessary
infrastructure for “Investment-as-a-Service,” enabling the storage
and procurement of various cryptocurrencies , including bitcoin and ether.
Stefanie Münz, Member of the LBBW Board of Directors, Source: LinkedIn
“By offering crypto-asset custody, we are positioning
ourselves with a clear added value for our corporate clients – while ensuring
the highest security standards,” Stefanie Münz, the Member of the LBBW Board
of Directors responsible for Finance, Strategy and Operations, said in a press
statement. “Bitpanda provides the necessary technical and regulatory
infrastructure to offer our customers innovative and, above all, secure
solutions in the area of digital assets.”
New partnership alert: Bitpanda x LBBW 🤝
Landesbank Baden-Württemberg, Germany’s largest federal state bank will enhance their digital asset offering in partnership with Bitpanda!
Bitpanda Technology Solutions provides LBBW with an “Investment-as-a-Service” infrastructure in… pic.twitter.com/hIwNXp9Wp4
— Bitpanda (@Bitpanda_global) April 15, 2024
Services to Launch for Corporate Clients in 2024
Initially, the crypto custody services will be targeted
towards corporate clients, with a scheduled market launch expected in the
latter half of 2024. This move reflects the increasing interest and demand for
cryptocurrency-related services within the financial sector.
Jürgen Harengel, COO of Corporate Bank at LBBW, Source: LinkedIn
“The demand from our corporate customers for digital
assets is increasing. We are convinced that crypto assets will establish
themselves as a building block for further business models. With the
cooperation, we are creating the technical and regulatory basis at an early
stage to best support the individual crypto strategies of our corporate
customers,” said Jürgen Harengel, the COO of Corporate Bank at LBBW.
Earlier, Bayern
Munich, the German football club, announced a multi-year partnership with Bitpanda,
as reported by Finance Magnates. Bitpanda has become the club’s platinum
partner and official crypto trading sponsor. The partnership was revealed at
Bayern’s home stadium, the Allianz Arena, during a match against TSG Hoffenheim
on January 12 this year.
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- Source: https://www.financemagnates.com//cryptocurrency/lbbw-announces-partnership-with-bitpanda-for-crypto-custody-services/
