Commerzbank Wins Crypto Custody License in Digital Assets Push

Commerzbank AG has received a crypto custody license, providing more evidence that European banks are growing warmer toward the asset class.

The license will allow the bank to “build up a broad range of digital asset services, with particular emphasis on crypto assets,” the Frankfurt-based bank said in a statement on Wednesday. It’s the “first German full-service bank” to get the license, it said.