#CryptoNewss

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DZ Bank, Germany's second-largest bank and the central institution for 800 cooperative banks, is awaiting a cryptocurrency license.

As part of its new capabilities, DZ Bank can now act as a cryptocurrency custodian for institutional clients, handling the settlement and custody of cryptocurrency securities in accordance with the German Electronic Securities Act.

Metaco, a subsidiary of Ripple, played a key role in the launch of DZ Bank's institutional digital asset custody offering, marking a major milestone in the merging of traditional finance with the digital asset economy.

The cooperation between DZ Bank and Ripple through Metaco thus contributes to the expansion of digital asset custody services for institutional clients in Germany.