- Germany’s LBBW financial institution and crypto trade Bitpanda have introduced a partnership.
- The federal financial institution will use Bitpanda’s know-how to develop its personal custody answer for crypto.
Landesbank Baden-Württemberg (LBBW), Germany’s largest federal financial institution, has partnered with Austria-based crypto trade Bitpanda because it seems to be to launch its crypto custody companies.
Within the announcement shared on Monday, Bitpanda stated the LBBW will use the crypto trade’s know-how to pilot its crypto custody and procurement companies.
New partnership alert: Bitpanda x LBBW 🤝
Landesbank Baden-Württemberg, Germany’s largest federal state financial institution will improve their digital asset providing in partnership with Bitpanda!
Bitpanda Know-how Options gives LBBW with an “Funding-as-a-Service” infrastructure in… pic.twitter.com/hIwNXp9Wp4
— Bitpanda (@Bitpanda_global) April 15, 2024
As a part of the collaboration, Bitpanda Know-how Options provided LBBW entry to its “Funding-as-a-Service” infrastructure, which the financial institution will use to supply crypto companies to its company shoppers.
The crypto custody answer will provide entry to Bitcoin and Ethereum, with additional developments set for the approaching months.
“The demand from our company clients for digital belongings is rising. We’re satisfied that crypto belongings will set up themselves as a constructing block for additional enterprise fashions. With this cooperation, we’re creating the technical and regulatory foundation at an early stage to greatest help the person crypto methods of our company clients,” Dr Jürgen Harengel, COO Company Financial institution at LBBW, stated in a press release.
Based on Bitpanda CEO Lukas Enzersdofer-Konrad, the partnership between LBBW and the trade presents clients an incredible avenue to entry digital belongings.
