Deutsche Boerse’s Clearstream to Offer Crypto Custody (1)

Deutsche Boerse’s post-trade unit Clearstream said it will offer cryptocurrency settlement and custody services to institutional clients later this year, marking the latest push into the digital asset class by a major European financial institution.

Clearstream plans to offer services for Bitcoin and Ether to its 2,500 clients starting next month, the company said in a statement on Tuesday, by using Deutsche Boerse’s subsidiary Crypto Finance as a sub-custodian. In time, Clearstream hopes to launch support for other cryptocurrencies, as well as services like staking, lending and brokerage capabilities.

“With this offering, we are creating a one-stop shop around ...