German private bank enters custody business

German private bank enters custody business of Bitcoin and Co.

German private bank Donner und Reuschel wants to enable its clients to buy and hold bitcoin and other digital assets as soon as possible.

According to a press release obtained by BTC-ECHO, Donner & Reuschel has teamed up with DLC Distributed Ledger Consulting GmbH. Together with Bitcoin Machine and Consulting GmbH, the German private bank aims to provide its clients with access to digital assets such as bitcoin and other cryptocurrencies.

Overall, Donner & Reuschel sees a lot of potential in blockchain technology:

We have been observing the market of digital assets for quite some time and are convinced of the potential of blockchain technology also with regard to classic securities transactions.

Marcus Vitt, Spokesman of the Board of Management of Donner & Reuschel.

Furthermore, in addition to the custody business of Bitcoin and Co., they want to deal in particular with the topic of tokenisation in the future. The German private bank is convinced that blockchain technology will have a major impact on the financial industry.

Blockchain technology will result in a structural change in the financial industry.
Marcus Vitt, Spokesman of the Board of Management of Donner & Reuschel.

In addition, several other blockchain projects dealing with the tokenisation of assets are currently already under review.