{"id":60485,"date":"2022-04-22T11:33:10","date_gmt":"2022-04-22T08:33:10","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60485"},"modified":"2025-09-05T03:33:36","modified_gmt":"2025-09-05T00:33:36","slug":"commerzbank-applies-for-crypto-custodian-licence-in-germany","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/commerzbank-applies-for-crypto-custodian-licence-in-germany\/","title":{"rendered":"Commerzbank applies for crypto-custodian licence in Germany"},"content":{"rendered":"<p>One of Germany&#8217;s largest banking groups \u2014 Commerzbank \u2014 has submitted to <span data-descr=\"Federal Financial Supervisory Authority of Germany\" class=\"old_tooltip\">BaFin<\/span> an application for a crypto-custodian licence. The <a href=\"https:\/\/www.boersen-zeitung.de\/banken-finanzen\/commerzbank-beantragt-krypto-verwahrlizenz-303b9c3a-bbeb-11ec-8e62-5f7cf1d225cc\">B\u00f6rsen-Zeitung<\/a> reports, citing a representative of the bank.<\/p>\n<p>According to the report, if approved, Commerzbank would also be allowed to provide services related to exchanging and safeguarding digital assets.<\/p>\n<p>Under current German law, companies looking to operate in the cryptocurrency sphere must register with BaFin. Only four organisations have obtained the relevant licences.<\/p>\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/bafin.png\" alt=\"Commerzbank \u043f\u043e\u0434\u0430\u043b \u0437\u0430\u044f\u0432\u043a\u0443 \u043d\u0430 \u043b\u0438\u0446\u0435\u043d\u0437\u0438\u044e \u043a\u0440\u0438\u043f\u0442\u043e\u043a\u0430\u0441\u0442\u043e\u0434\u0438\u0430\u043d\u0430 \u0432 \u0413\u0435\u0440\u043c\u0430\u043d\u0438\u0438\" class=\"wp-image-171088\" width=\"779\" height=\"128\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/bafin.png 779w, https:\/\/forklog.com\/wp-content\/uploads\/bafin-300x49.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/bafin-768x126.png 768w\" sizes=\"auto, (max-width: 779px) 100vw, 779px\" \/><figcaption>Data: <a href=\"https:\/\/portal.mvp.bafin.de\/database\/InstInfo\/sucheForm.do\">BaFin<\/a>.<\/figcaption><\/figure>\n<p>Commerzbank has long been interested in blockchain technology and cryptocurrencies. In 2018, the group tested transactions on the Corda platform.<\/p>\n<p>In 2020, the organisation led a financing round for Curv, a provider of infrastructure for storing cryptocurrencies.<\/p>\n<p>Back in September 2021 BaFi <a href=\"https:\/\/forklog.com\/en\/news\/germany-approves-bitcoin-based-security-token-offering\">approved the issuance of a bitcoin-token STO EXOeu<\/a> from the game publisher Exordium.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of Germany&#8217;s largest banking groups, Commerzbank, has submitted to BaFin an application for a cryptocurrency custodian licence.<\/p>\n","protected":false},"author":1,"featured_media":60486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1527,109],"class_list":["post-60485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bafin","tag-germany"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=60485"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60485\/revisions"}],"predecessor-version":[{"id":60487,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60485\/revisions\/60487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/60486"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=60485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=60485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=60485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}