Landesbank Baden-Württemberg (LBBW), Germany’s state-backed
lender, has unveiled plans to venture into the realm of 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
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.
Landesbank Baden-Württemberg (LBBW), Germany’s state-backed
lender, has unveiled plans to venture into the realm of 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
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.
