Crypto Finance, affiliated with Deutsche Boerse, has inked a partnership with Commerzbank to deliver cryptocurrency trading services to the bank’s corporate clientele. This strategic move comes swiftly after a similar collaboration with Zürcher Kantonalbank in Switzerland. Commerzbank will also handle custody services, enhancing the security and accessibility of digital assets for German corporate clients.

The service will initially focus on the trading of bitcoin and ether, marking a significant step for Commerzbank’s corporate clients in leveraging the potential of major cryptocurrencies. “Our offering in digital assets enables our corporate clients to seize the opportunities presented by bitcoin and ether for the first time,” noted Gernot Kleckner, Commerzbank’s head of capital markets for corporate clients.

Highlighting the emphasis on security, Kleckner added, “Our joint solution represents the highest level of security in the trading and custody of crypto assets.” The partnership, backed by Commerzbank’s crypto custody license obtained in November 2023, paves the way for a broader adoption of digital asset services within the German market.