Rumor has it that Banco Santander, a behemoth in the Spanish financial sector, would choose Taurus to store its cryptocurrency.
Reportedly, Banco Santander, a behemoth in the Spanish financial sector, has entrusted Taurus, a digital asset management business, with the security of its Swiss customers’ Bitcoin.
A new Bitcoin and Ether trading service was launched on November 20th for customers with Swiss accounts by Santander Private Banking International’s Swiss private banking subsidiary. Cointelegraph met with a Santander representative who said that customers must ask their relationship managers for crypto investing services before they may access them.
According to a report by CoinDesk, which cited “a person familiar with the arrangement,” the bank had engaged crypto custody service Taurus to keep the crypto assets secure. When Cointelegraph asked Santander for confirmation, the bank refused to comment.
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Taurus and Deutsche Bank, a major German bank, formed a partnership on September 14 to provide clients crypto custody alternatives.
The third-largest German bank by asset size, DZ Bank, has established its own blockchain-based digital assets custody platform, while other banks use existing players.
Holger Meffert, DZ’s head of digital custody and securities services, has said that the bank is interested in blockchain technology. The possibility to purchase cryptocurrency, “such as Bitcoin,” is something the bank is aiming to provide to both institutional investors and individual clients down the road.
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