Deutsche Boerse's Clearstream to offer bitcoin and ether custody services

Elizabeth Howcroft

Tue, Mar 11, 2025, 5:15 AM 2 min read

By Elizabeth Howcroft

(Reuters) - Germany's Deutsche Boerse volition connection cryptocurrency custody and colony services for organization clients from adjacent month, the institution said connected Tuesday, becoming the latest steadfast to connection custody absorption for bitcoin and ether.

The work aims to let crypto trading from assorted trading venues to beryllium settled and held successful Clearstream, Deutsche Boerse's colony business. It marks an enlargement into crypto services for the German exchange, aft past twelvemonth it launched its ain crypto trading level for organization investors.

From April clients volition beryllium capable to usage Clearstream for bitcoin and ether - the 2 largest cryptocurrencies - and the institution is considering adding further cryptocurrencies, based connected demand. Deutsche Boerse's subsidiary Crypto Finance volition enactment arsenic a sub-custodian.

"Offering crypto custody is the adjacent measurement connected Clearstream’s travel to digitise fiscal markets," said Jens Hachmeister, Clearstream's caput of issuer services and caller integer markets.

European fiscal institutions are progressively making moves successful cryptocurrencies, aft the European Union introduced a landmark regulatory framework, the Markets successful Crypto-Assets regularisation (MiCA) successful 2023.

The news, archetypal reported by Bloomberg, comes aft Crypto Finance obtained a MiCA licence successful January.

Other custody managers to connection crypto custody services see Bank of New York Mellon, which began offering it successful 2022, and State Street, which expanded its integer plus services past year.

Deutsche Boerse launched a regulated level for organization investors to commercialized cryptocurrencies successful March past year, arsenic portion of a abstracted entity which has been merged into Deutsche Boerse's 360T subsidiary, a spokesperson for Deutsche Boerse said.

The predetermination of Donald Trump arsenic U.S. President past twelvemonth has raised expectations of much mainstream fiscal institutions getting progressive successful crypto, and U.S. regulators this period made it easier for banks to prosecute successful crypto activities.

Some European banks are besides expanding. Spanish slope BBVA said connected Monday it had received support from the country's securities regulator to connection bitcoin and ether trading services successful Spain.

Bitcoin rallied sharply pursuing the predetermination of Trump, but has since declined.

(Reporting by Elizabeth Howcroft successful Paris; Editing by Tommy Reggiori Wilkes and Louise Heavens)