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Germany’s largest bank relies on Swiss know-how in the field of cryptocurrencies

Germany’s largest bank relies on Swiss know-how in the field of cryptocurrencies

Deutsche Bank and specialist custody firm Taurus are now partners. The main bank has previously invested millions of dollars in the Geneva-based fintech.

Deutsche Bank has an agreement with Taurus complete. According to a statement on Thursday, the largest bank in the northern neighboring country will use the Geneva-based fintech’s custody and tokenization technology.

This aims to manage cryptocurrencies, token assets and digital currencies for clients around the world.

Financial support from Deutsche Bank

The two business partners already know each other; At the beginning of the year, Deutsche Bank participated in a financing round that brought Taurus $65 million into its coffers.

In addition to a major German bank, the Swiss institutions Credit Suisse Switzerland, Pictet and Arab Bank Switzerland, as they were at the time, also participated. finews.ch mentioned.

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