[ad_1]
Spanish fin-serv big Banco Santander has reportedly chosen digital asset administration agency Taurus to safeguard its Swiss purchasers’ Bitcoin (BTC) and Ether (ETH).
On Nov. 20, Santander Personal Banking Worldwide’s Swiss non-public banking unit rolled out a brand new Bitcoin and Ether buying and selling service for purchasers with Swiss accounts. A Santander spokesperson informed Cointelegraph that purchasers will get entry to crypto funding companies solely after requesting it by means of relationship managers.
A CoinDesk report citing ‘an individual accustomed to the association’ said that the financial institution has appointed crypto custody agency Taurus for the safekeeping of the crypto property. Cointelegraph reached out for affirmation from Santander, which declined to remark, saying:
“Sadly, it’s a no remark. We don’t touch upon suppliers or doable suppliers.”
On Sept 14, Taurus partnered with German banking big Deutsche Financial institution to offer cryptocurrency custody choices to its prospects.
Taurus didn’t instantly reply to Cointelegraph’s request for remark.
Associated: JPMorgan, Apollo plan for enterprise mainnet, execs reveal
Whereas some banks faucet into present gamers for custodial wants, DZ Financial institution, the third largest financial institution in Germany by asset dimension, launched its personal digital property custody platform constructed on the blockchain.
Holger Meffert, head of securities companies and digital custody at DZ, expressed the financial institution’s curiosity in distributed ledger expertise (DLT). The financial institution additionally hopes to supply institutional traders and personal prospects the power to purchase cryptocurrencies, “corresponding to Bitcoin,” sooner or later.
Journal: Actual AI use circumstances in crypto, No. 2: AIs can run DAOs
[ad_2]
Source link