In a strategic move, german bank LBBW and Bitpanda join forces to provide a robust crypto custody solution. This collaboration marks a significant step in catering to the evolving needs of German businesses in the digital asset landscape. LBBW, lacking its own crypto custody license, leverages Bitpanda's "Investing-as-a-Service" infrastructure to facilitate the custody and acquisition of cryptocurrencies such as Bitcoin and Ethereum.

Initially targeting corporate clients, this initiative reflects the growing trend of German companies holding or trading crypto assets. By partnering with Bitpanda, LBBW aims to offer a regulated platform for crypto custody and acquisition, addressing the increasing demand for such services among its clientele.

The rollout will commence with crypto custody services for corporate clients, with a pilot launch scheduled for the latter half of 2024. Bitpanda will serve as the long-term technology provider in this partnership, ensuring a seamless and secure crypto custody experience for LBBW's clientele.