German bank to offer cryptocurrency services

Donner & Reuschel, a private bank in Germany, will soon be offering cryptocurrency buying and saving to its clients. The bank is planning to launch the service “as soon as possible” considering the high market demand for digital asset custody, according to a Yahoo Finance report.

DLC Distributed Ledger Consulting GmbH will be a consultant partner for the bank’s crypto strategy.

Following the cryptocurrency buying and saving launch, Donner & Reuschel next plans will involve tokenization of assets.

Donner & Reuschel was established in 1798 and holds around $10.7 USB in assets under management.