Germany's Largest Federal Bank LBBW to Offer Crypto Custody Services With Bitpanda
Summary
Landesbank Baden-Württemberg (LBBW), Germany's largest state-backed lender, is partnering with Austrian exchange platform Bitpanda to offer crypto custody services. The strategic partnership will provide LBBW with "Investment-as-a-Service" infrastructure to store and procure cryptocurrencies such as bitcoin and ether. The service, which aims to offer added value to corporate clients while ensuring high security standards, will initially be available to corporate clients, with a market launch planned for the second half of 2024. The partnership is in response to increasing demand from corporate customers for digital assets.
