Commerzbank, a prominent German bank has secured a crypto custody license under the German Banking Act, becoming the first “full-service” bank in Germany to do so. This license allows the bank to provide custody services for cryptocurrency assets and expand its digital asset offerings. Dr. Jörg Oliveri del Castillo-Schulz, COO of Commerzbank, called it an “important milestone” reflecting the bank’s commitment to technology and innovation. The bank’s next steps involve establishing a secure and compliant platform to offer crypto custody services to institutional clients through blockchain technology.