Germany’s DZ Bank to Offer Crypto Custody With

Swiss Firm Metaco

The second-largest bank in Germany, DZ Bank, is preparing to become a provider of custody services for crypto assets. The offering will be facilitated by a partnership with Metaco, a Swiss company that specializes in helping financial institutions to operate in the digital asset space.

DZ Bank to Use

charges, alleging that the celebrities promoted EthereumMax (EMAX) to inflate its price.

“The Court previously found this theory implausible because the tokens have no worth outside of what the market is willing to pay for them in realtime. The Court otherwise dismissed the prior complaint in full due to fundamental flaws. The addition of new claims, defendants, and over 100 pages of largely irrelevant allegations does not cure the defects,” the motion reads.

Investors who lost money due to their involvement with EthereumMax (EMAX) began a legal battle against the famous people last year.

Regulated by the Federal Financial Supervisory Authority (Bafin), DZ Bank is an established custodian and Germany’s secondlargest bank by asset size. At the end of 2022, it had €297 billion (almost $315 billion) worth of assets under custody.

Metaco, founded in

Metaco’s Harmonize Platform to Launch Crypto Custody Services

DZ Bank, part of Volksbanken Raiffeisenbanken which is one of the largest banking groups in Germany, is going to employ a platform built by Metaco to offer institutional clients services in the field of digital currencies and crypto securities, the fintech announced.

Switzerland in 2015, is focused on enabling financial and non-financial institutions to conduct crypto operations. Its infrastructure allows such players to store and trade cryptocurrencies, tokenize other assets, provide staking services, and manage smart contracts.