10 months ago
High-net-worth individuals of Santander Private Banking International volition person entree to commercialized BTC and ETH, according to a study claiming entree to a leaked interior communication.
The planetary limb of Spanish lender Banco Santander has reportedly rolled retired a caller service, allowing clients with Swiss accounts to put successful and commercialized Bitcoin (BTC) and Ether (ETH).
According to a study from Coindesk claiming entree to a leaked interior communication, high-net-worth individuals of Santander Private Banking International volition person entree to commercialized BTC and ETH. Cointelegraph could not independently verify the improvement arsenic Santander did not instantly respond to requests for comments astatine the clip of writing.
While Santander’s rollout of the caller crypto trading services volition reportedly commencement disconnected with BTC and ETH only, the banking elephantine volition present different cryptocurrencies pursuing the clearance of its screening criteria.
According to the report, Santander launched the BTC and ETH trading services upon petition from clients done narration managers. The slope volition clasp the backstage cryptographic keys of the tradable assets successful a regulated custody model.
Related: DZ Bank, third-largest German bank, to commencement crypto custody for organization investors
Commerzbank precocious became the archetypal “full-service” German slope to beryllium granted a crypto custody licence successful the state nether the ineligible model of the German Banking Act.
The licence allows the slope to connection custody of crypto assets and “further integer plus services” successful the future.
“This highlights our ongoing committedness to applying the latest technologies and innovations, and it forms the instauration for supporting our customers successful the areas of integer assets,” stated Jörg Oliveri del Castillo-Schulz, main operating serviceman of Commerzbank.
The slope initially plans to found a level that is some “secure and reliable” and afloat complies with section regulations.
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