Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report

Spanish fin-serv elephantine Banco Santander has reportedly selected integer plus absorption steadfast Taurus to safeguard its Swiss clients’ Bitcoin (BTC) and Ether (ETH).

On Nov. 20, Santander Private Banking International’s Swiss backstage banking portion rolled retired a caller Bitcoin and Ether trading service for clients with Swiss accounts. A Santander spokesperson told Cointelegraph that clients volition get entree to crypto concern services lone aft requesting it done narration managers.

A CoinDesk report citing ‘a idiosyncratic acquainted with the arrangement’ stated that the slope has appointed crypto custody steadfast Taurus for the safekeeping of the crypto assets. Cointelegraph reached retired for confirmation from Santander, which declined to comment, saying:

“Unfortunately, it’s a nary comment. We don’t remark connected providers oregon imaginable providers.”

On Sept 14, Taurus partnered with German banking elephantine Deutsche Bank to supply cryptocurrency custody options to its customers.

Taurus did not instantly respond to Cointelegraph’s petition for comment.

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While immoderate banks pat into existing players for custodial needs, DZ Bank, the 3rd largest slope successful Germany by plus size, launched its ain integer assets custody level built connected the blockchain.

Holger Meffert, caput of securities services and integer custody astatine DZ, expressed the bank’s involvement successful distributed ledger exertion (DLT). The slope besides hopes to connection organization investors and backstage customers the installation to bargain cryptocurrencies, “such arsenic Bitcoin,” successful the future.

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