🚀🎉 Big news for BTC enthusiasts! Germany's largest federal bank, Landesbank Baden-Württemberg (LBBW), is gearing up to offer digital asset custody services! 🏦💼 They're partnering with crypto exchange Bitpanda to meet the growing demand for digital asset management among institutional and corporate clients. 📈🔥
The service is set to launch in the second half of 2024. LBBW plans to utilize Bitpanda Technology Solution’s advanced “Investment-as-a-Service” (IaaS) infrastructure to provide cryptocurrency custody and procurement services. 🛠️💰
Bitpanda has revealed that the pilot for custody and procurement of cryptocurrencies like Bitcoin and Ethereum will be further developed in the coming months. 🚀🌕
Dr. Jürgen Harengel, COO of Corporate Bank at LBBW, commented, “The demand from our corporate customers for digital assets is increasing. We are convinced that crypto assets will establish themselves as a building block for further business models." 🎯💪
This move by LBBW is part of a broader trend among German banks and asset managers, who are increasingly getting involved in crypto assets. 📈🌐 This could be in anticipation of upcoming EU regulations. 📜🔍
So, stay tuned, folks! The crypto world is evolving, and it's exciting to see major banks like LBBW jumping on the bandwagon! 🎉🚀