Germany’s largest federal state financial institution companions with Bitpanda

• Germany’s LBBW financial institution and crypto trade Bitpanda have introduced a partnership.
• The federal financial institution will use Bitpanda’s know-how to develop its personal custody resolution for crypto.

Landesbank Baden-Württemberg (LBBW), Germany’s largest federal financial institution, has partnered with Austria-based crypto trade Bitpanda because it seems to be to launch its crypto custody providers.

Within the announcement shared on Monday, Bitpanda stated the LBBW will use the crypto trade’s know-how to pilot its crypto custody and procurement providers.

New partnership alert: Bitpanda x LBBW 🤝

Landesbank Baden-Württemberg, Germany’s largest federal state financial institution will improve their digital asset providing in partnership with Bitpanda!

Bitpanda Expertise Options offers LBBW with an “Funding-as-a-Service” infrastructure in… pic.twitter.com/hIwNXp9Wp4

— Bitpanda (@Bitpanda_global) April 15, 2024

As a part of the collaboration, Bitpanda Expertise Options supplied LBBW entry to its “Funding-as-a-Service” infrastructure, which the financial institution will use to supply crypto providers to its company shoppers.

The crypto custody resolution will supply entry to Bitcoin and Ethereum, with additional developments set for the approaching months.

“The demand from our company clients for digital belongings is rising. We’re satisfied that crypto belongings will set up themselves as a constructing block for additional enterprise fashions. With this cooperation, we’re creating the technical and regulatory foundation at an early stage to finest help the person crypto methods of our company clients,” Dr Jürgen Harengel, COO Company Financial institution at LBBW, stated in a press release.

Based on Bitpanda CEO Lukas Enzersdofer-Konrad, the partnership between LBBW and the trade provides clients a terrific avenue to entry digital belongings.