Deutsche Boerse Expands Into Crypto Custody and Settlement for Institutional Clients

The move comes as European financial institutions increasingly embrace cryptocurrencies, following the European Union’s implementation of the Markets in Crypto-Assets (MiCA) regulatory framework in 2023. The announcement—first reported by Bloomberg—follows Crypto Finance’s successful acquisition of a MiCA license in January.

Deutsche Boerse joins other major custody providers in this space, including Bank of New York Mellon (BK.N), which launched its crypto custody services in 2022, and State Street (STT.N), which expanded its digital asset services last year.

Deutsche Boerse introduced a regulated crypto trading platform for institutional investors in March 2023. That platform has since been integrated into Deutsche Boerse’s 360T subsidiary, according to a company spokesperson.

The election of Donald Trump as U.S. President last year has fueled expectations that more traditional financial institutions will enter the crypto market. U.S. regulators recently eased restrictions, making it simpler for banks to participate in crypto-related activities. European banks are also stepping up their involvement. On Monday, Spain’s BBVA (BBVA.MC) revealed it had secured approval from the country’s securities regulator to offer bitcoin and ether trading services locally.

Bitcoin experienced a sharp rally following Trump’s election victory but has since retreated.