DekaBank in Germany has obtained a cryptocurrency custody license issued by the country's regulatory authority BaFin and the European Central Bank (ECB). Commerzbank was the first German bank to receive a license last year, while other major banks have yet to obtain one, including DZ Bank. BaFin has issued an additional 11 cryptocurrency custody licenses, primarily aimed at cryptocurrency companies. One of these is a digital asset custody subsidiary of Hauck Aufhäuser Lampe Privatbank. The distinction between DekaBank and Commerzbank is that the former is licensed under the Banking Act (KWG). This is the second new license DekaBank has obtained this year. In July, the company received a license as a cryptocurrency securities registrar for issuing digital securities based on DLT in Germany. These cryptocurrency securities can be issued without a central securities depository (CSD).