DekaBank is set to offer cryptocurrency trading to its institutional clients through a partnership with Boerse Stuttgart Digital. The agreement allows the bank, which manages over €400 billion in assets for Germany’s publicly owned savings banks, to enter the crypto market while maintaining regulatory compliance, as reported in a press release.
Boerse Stuttgart Digital, a regulated brokerage, will provide the trading infrastructure for DekaBank’s new service. The firm already supports DZ Bank, which serves more than 700 cooperative banks across Germany and began piloting crypto trading for retail clients last year. While Boerse Stuttgart Digital also provides custody services for DZ Bank, DekaBank secured its own crypto custody license in 2024, allowing it to manage digital assets independently.
Institutional adoption
DekaBank’s move highlights the growing role of cryptocurrencies in Germany’s financial sector. As the central asset manager for the country’s savings banks, its adoption of digital assets signals increasing institutional interest in the space.
Boerse Stuttgart Group CEO Dr. Matthias Voelkel described the partnership as part of the firm’s broader strategy to provide regulated digital asset solutions to financial institutions across Europe.
