Clearstream

🎯 Germany's Clearstream launches BTC and ETH custody and settlement services to accelerate the integration of traditional finance and cryptocurrency in Europe

Deutsche Boerse's post-trading division Clearstream recently announced that it will launch Bitcoin (BTC) and Ethereum (ETH) custody and settlement services for institutional clients for its 2,500 clients starting next month.

In addition, this new service is expected to be officially launched later this year, aiming to further simplify the adoption of cryptocurrencies by banks and large institutions.

Clearstream's services have many highlights. Its holding subsidiary Crypto Finance will launch a series of cryptocurrency services, including custody, brokerage and settlement, and is expected to expand to stablecoins and tokenized securities.

Not only that, in order to further improve the product system, Clearstream is also planning to launch pledge, lending and brokerage functions. Customers will be able to seamlessly access these services through existing accounts and experience unparalleled convenience.

The launch of this service is due to the entry into force of the EU MiCA regulation, which provides a clear regulatory framework for traditional financial institutions, thereby stimulating the demand for digital assets. At the same time, the service also reduces the costs of banks and institutions. Without the need for expensive internal crypto team building, they can directly participate in the crypto market through existing platforms.

Against this background, the European crypto market has also ushered in its own development milestone. Previously, Boerse Stuttgart Digital Custody became the first crypto asset service provider in Germany to obtain a MiCA license.

At the same time, Spain's BBVA SA bank has also obtained regulatory approval and is preparing to launch BTC and ETH trading services in stages. These developments will undoubtedly further promote the development of the crypto market.

🗣️ Conclusion:

The launch of Clearstream's cryptocurrency service marks the further integration of traditional finance and digital assets, opens up new trading channels for institutional investors, and also heralds the maturity and expansion of the European crypto market.

💬 Do you think Clearstream's custody service can attract more institutional investors? Can the entry of traditional financial institutions promote the popularization of cryptocurrencies?

#加密货币 #比特币 #以太坊 #Clearstream #MiCA

Clearstream Ventures into Crypto!

Institutional $BTC and $ETH Services Launching Soon!

Big news for institutional investors! Clearstream, the post-trade services provider of Deutsche Boerse, is making its foray into the cryptocurrency space. As of next month, the company will begin offering custody and settlement services for $BTC and ETH to its extensive client base of 2,500, marking a significant milestone in bridging traditional finance with digital assets.

To facilitate this development, Clearstream has partnered with Crypto Finance, a subsidiary of Deutsche Boerse, to serve as a sub-custodian. This collaboration is merely the beginning, as Clearstream envisions expanding its crypto offerings to encompass additional cryptocurrencies, staking, lending, and brokerage services in the future.

This move underscores the growing mainstream acceptance of cryptocurrencies in Europe, with prominent financial institutions increasingly integrating digital assets into their existing infrastructure.

What are your thoughts? Will this development attract more institutional investment into the crypto space?

#Bitcoin #MacroInsights #Clearstream

The German Stock Exchange Plans to Launch Institutional Custody Service for Bitcoin and Ether

The German Stock Exchange has announced the launch of an institutional custody service for Bitcoin and Ether.
We have witnessed a significant increase in the adoption of cryptocurrencies across Europe over the past few months.
The recent market collapse has sparked immense debate within the digital assets community. While most hold a negative outlook, some members, such as Ark Invest's CEO Cathie Wood, have a different perspective. Wood believes that this could be the final phase of a renewed recession, meaning that upward movements could follow.

On the other hand, Europe has been nurturing its adoption of cryptocurrencies regardless of current market conditions. Notably, the German Stock Exchange Group, Deutsche Börse, has announced plans to launch an institutional custody service for Bitcoin and Ether.

Through this project, Deutsche Börse's trading unit Clearstream aims to enhance the user experience for its institutional clients. The company will also include settlement services for Bitcoin and Ether transactions for its 2,500 institutional clients.

Jens Hachmeister, Head of Clearstream, stated:

"Through this offering, we are working to create a comprehensive store for custody, brokerage, and settlement-related services,"
#ark #DeutscheTelekom #Clearstream