Commerzbank and Crypto Finance Partner to Provide Secure Crypto Asset Services for Corporate Clients in Germany

Commerzbank and Crypto Finance Partner to Provide Secure Crypto Asset Services for Corporate Clients in Germany

(IN BRIEF) Commerzbank has partnered with Crypto Finance, a subsidiary of Deutsche Börse, to offer secure access to digital assets, specifically bitcoin and ether, for its corporate clients in Germany. Commerzbank will handle crypto asset custody, while Crypto Finance manages trading. This collaboration, targeting selected corporate clients, integrates crypto assets within regulated banking frameworks. The partnership strengthens both companies’ positions in the European crypto market, enhancing the availability of secure digital asset services for institutional clients.

(PRESS RELEASE) FRANKFURT, 20-Sep-2024 — /EuropaWire/ — Commerzbank has partnered with Crypto Finance, a subsidiary of Deutsche Börse, to provide its corporate clients in Germany with secure and seamless access to digital assets. The collaboration allows Commerzbank to manage the custody of crypto assets, while Crypto Finance handles their trading. Initially focusing on bitcoin and ether, the service is aimed at selected corporate clients and is designed to integrate crypto assets into established, regulated banking structures.

Commerzbank, the first German universal bank to secure a crypto custody licence, is enhancing its digital services in corporate banking with this offering. Crypto Finance, a leader in institutional crypto services since 2017, recently expanded its presence in Germany with four licences from BaFin, allowing it to offer regulated crypto solutions to institutional clients. The partnership strengthens both firms’ positions in the European digital asset ecosystem.

Gernot Kleckner, Divisional Board Member at Commerzbank, highlighted the partnership’s ability to provide corporate clients with new opportunities in bitcoin and ether, while Stijn Vander Straeten, CEO of Crypto Finance, emphasized the significance of expanding access to regulated crypto services in Germany and the EU.

About Commerzbank

Commerzbank is the leading bank for small and medium-sized enterprises and a strong partner to around 25,500 corporate client groups and nearly 11 million private and business customers in Germany. The bank offers a comprehensive portfolio of financial services across two business segments – Private and Business Clients, and Corporate Clients. Commerzbank handles about 30% of Germany’s foreign trade and is represented internationally in more than 40 countries within its corporate client business. The bank focuses on German SMEs, large corporations, and institutional clients. Internationally, Commerzbank supports clients with business ties to Germany, Austria, and Switzerland, as well as companies from select future-oriented industries. In the Private and Business Clients segment, the bank supports its customers through the Commerzbank and comdirect brands: online and mobile, in advisory centres, and in person on-site. Its Polish subsidiary, mBank S.A., is an innovative digital bank serving around 5.7 million private and corporate clients mainly in Poland, the Czech Republic, and Slovakia.

About Crypto Finance

The Crypto Finance Group consists of two FINMA-regulated financial institutions and a BaFin-regulated subsidiary in Germany. As part of Deutsche Börse Group, Crypto Finance AG offers professional solutions for digital assets to institutional clients. These include one of the first FINMA-licensed securities houses providing 24/7 brokerage services, as well as custody, staking, infrastructure, and tokenisation solutions. Headquartered in Switzerland, the Crypto Finance Group has obtained four BaFin licences in Germany to offer trading and custody services. The company intends to expand its services in Germany and across Europe in line with the MiCA timeline.

Media Contacts:

Commerzbank:
Marc Ahlers
Corporate Clients
Phone +49 69 9353-40831
newsroom@commerzbank.com

Crypto Finance:
Jutta Holtkötter
Phone: +41 41 5524568
E-Mail: press@crypto-finance.com

SOURCE: Commerzbank