“Bitcoin moment” for Deutsche Bank? Its subsidiary DWS ready to invest in 2 crypto companies

While the general sentiment of banks (central or retail) towards Bitcoin and cryptocurrencies generally oscillates between vague contempt and outright hostility, Deutsche Bank takes everyone by surprise by presumably preparing to take the crypto turn.

Deutsche Bank ready for Bitcoin revolution?

This is information initially issued by Bloomberg : DWS, a subsidiary of Deutsche Bank, is preparing to invest in two German crypto companies.

Deutsche Digital Assets And Tradiasrespectively a crypto derivatives platform and a Market Maker are two solid jewels of the national crypto sector and appear to have caught the attention of the venerable Deutsche Bank in clear search for new sources of growth.

According to information from Bloomberg (not yet confirmed by interested parties), Stefan Hoopsboss of DWS would have recently unveiled the crypto ambitions of his establishment, especially in view of the current market conditions, deemed relevant to position himself strategically:

“We have started evaluating strategic partners and initiating due diligence on potential targets where we hope to gain a foothold, particularly in the area of ​​digital assets. The drop in prices for the latter could give rise to interesting opportunities”

Stefan Hoops

The person concerned added that his establishment was considering “various specific blockchain-related services. »

It should be noted that Tradias provides over-the-counter crypto services, lending and plays the role of liquidity provider. For its part, Deutsche Digital Assets notably offers derivative products of the ETP (Exchange Traded Products) type on various crypto assets, from Bitcoin to Ethereum via EOS or APE. If the acquisition were to be confirmed, Deutsche Bank would thus find itself mechanically exposed to the crypto market in general, and to Bitcoin in particular.

Are you looking for a secure platform to trade stocks and cryptos? Register now on Trade Republic. You will receive a gift of 20€ (subject to a deposit of 2000€) to enjoy the best of both worlds. In addition, your funds are guaranteed there up to €100,000 (commercial link).