$BTC Germany's Deutsche Boerse will offer cryptocurrency custody and settlement services for institutional clients from next month, the company said on Tuesday, becoming the latest firm to offer custody management for bitcoin and ether.

The service aims to allow crypto trading from various trading venues to be settled and held in Clearstream, Deutsche Boerse's settlement business. It marks an expansion into crypto services for the German exchange, after last year it launched its own crypto trading platform for institutional investors.

From April clients will be able to use Clearstream for bitcoin and ether - the two largest cryptocurrencies - and the company is considering adding additional cryptocurrencies, based on demand. Deutsche Boerse's subsidiary Crypto Finance will act as a sub-custodian.

"Offering crypto custody is the next step on Clearstream’s journey to digitise financial markets," said Jens Hachmeister, Clearstream's head of issuer services and new digital markets.