Spanish Bank Santander Chooses Taurus to Safeguard Clients’ Bitcoin and Ether
Banco Santander, a major financial services company in Spain, has reportedly selected digital asset management firm Taurus to protect its Swiss customers’ Bitcoin and Ether.
Taurus recently partnered with Deutsche Bank to offer cryptocurrency custody options, and while they did not respond to Cointelegraph’s request for comment, it seems that Santander has chosen them for their expertise in this area.
More Banks Exploring Custodial Solutions
In addition to partnering with existing players, some banks are taking matters into their own hands. For example, DZ Bank, one of Germany’s largest banks, has built its own blockchain-based custody platform for digital assets.
The head of securities services and digital custody at DZ Bank expressed the bank’s interest in distributed ledger technology and its plans to eventually offer cryptocurrencies like Bitcoin to institutional investors and private customers.
Hot Take: Banks Embrace Crypto Custody Solutions
As the demand for cryptocurrencies grows, more banks are recognizing the need for secure custody solutions. By partnering with companies like Taurus or developing their own platforms, banks can provide their clients with a safe and regulated way to store their digital assets. This trend highlights the increasing acceptance of cryptocurrencies within traditional financial institutions and paves the way for further integration of crypto into mainstream banking services.
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