Donner & Reuschel to offer cryptocurrency services

The commercial German bank Donner & Reuschel, based in Hamburg, plans to offer clients services for buying and storing digital assets. CoinDesk reports this.

According to the publication, the move is driven by strong market demand. The bank is also considering asset tokenisation.

"We are monitoring the cryptocurrency markets and are convinced of the potential of blockchain, including in relation to traditional securities transactions," said Markus Witt, the bank’s board press secretary.

Founded in 1798, Donner & Reuschel manages assets of about $10.7 billion, according to CoinDesk.

A recent Goldman Sachs survey showed that 40% of their clients own digital assets. Of these, more than 60% expect cryptocurrencies to rise over the next 12–24 months.

As reported, the private bank Bordier & Cie added to its list of provided services the purchase, trading and storage of Bitcoin, Ethereum, Bitcoin Cash and Tezos.

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