German bank Donner & Reuschel will launch services for the trading and storage of cryptoassets – Bits Media

Private German Bank Donner & Reuschel, headquartered in Hamburg, will offer its customers the purchase and storage of cryptocurrencies amid high demand for such services among customers.

According to Donner's statement & Reuschel, The bank plans to add the possibility of buying and storing cryptoassets for their clients. Decision to start services, which is planned to be implemented "as soon as possible", was dictated by the high market demand for the storage of digital currencies. The bank attracted DLC Distributed Ledger Consulting GmbH as a partner consultant for the development of a new direction.

Give & Reuschel was founded in 1798 year and manages assets worth about $10.7 billion. In the future, the bank plans to "intensively" tokenize assets, to maximize your chances of benefiting from the expected changes in the financial industry. Press Secretary of the Bank's Management Board Markus Witt (Marcus Vitt) said:

“We have been observing the digital asset market for some time and are convinced of the potential of blockchain., including in relation to traditional operations with securities ".

Financial institution has added to the list of banks, interested in cryptocurrency services. In January it became known, that Goldman Sachs is exploring the possibility of launching a service for storing cryptoassets. Besides, In February, the New York Bank BNY Mellon said, which opens a division of digital assets and develops a platform for managing cryptoassets.