Donner & Reuschel enters the crypto custody business | Markets | 05.03.2021

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The private bank Donner & Reuschel will offer its customers the acquisition and custody of crypto assets as soon as possible. Other projects such as the tokenization of assets are already being examined.

Dr. Sven Hildebrandt, CEO of DLC Distributed Ledger Consulting GmbH

© DLC Distributed Ledger Consulting

“We have been observing the digital assets market for quite some time and are convinced of the potential of blockchain technology also with regard to classic securities transactions,” says Marcus Vitt (picture), spokesman for the bank’s board. The offer of crypto custody is a reaction to the great demand on the market, but in a next step the topic of tokenization will also be dealt with intensively. “Blockchain technology will result in the greatest structural change in the financial industry that I have been able to experience so far in my 20-year banking career. And of course we want to ensure that both our customers and the bank benefit from this change in the best possible way.”

DLC Distributed Ledger Consulting als Partner
With DLC Distributed Ledger Consulting GmbH, the only blockchain specialist consultancy for semi-professional and professional financial market participants has been brought into the house as a companion. Dr. Sven Hildebrandt, CEO of DLC, says: “We are very pleased to be able to support such an established bank as Donner & Reuschel not only with its strategic orientation, but also with its very practical implementation. First of all, we will be the right partner for the Screen for the permit application as well as the short-term product offer, then start a corresponding tender via our platform www.digital-assets-custody.com and then go into the implementation. ”

Further blockchain projects are currently being examined
In particular, the tokenization of assets is an option. The eWPG offers interesting design options that should be taken proactively in the future. (kb)

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Donner Reuschel enters crypto custody business Markets

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