- At the end of December, DZ BANK received MiCAR approval from BaFin to start crypto services with the specially developed wallet “meinKrypto”.
- The offer for the cooperative of savings banks and Raiffeisen banks is now based on this, which in turn makes it available to their private customers.
The Volks- und Raiffeisenbanken, for their part, must apply to BaFin for a MiCAR license for “meinKrypto”. Once they have received this and implemented the offer, their customers can invest in crypto assets completely digitally. The “meinKrypto” wallet will be integrated into the VR banking app.
The EU regulation “Markets in Crypto-Assets Regulation”, or MiCAR for short, forms the uniform legal framework for crypto assets and services in the EU. Financial institutions and other market participants must apply for specific MiCAR approvals for different business ventures.
Regardless of DZ Bank’s offering, the Volksbanken and Raiffeisenbanken are free to make their own offers for investments in cryptocurrencies and their derivatives to their customers.
However, all offers must be inquired about personally by interested customers, as the Volks- und Raiffeisenbanken will not actively advertise them. We remember: BlackRock and JPMorgan initially only sold their crypto products “under the counter” upon request.
The association offer
But at the beginning of the crypto offering from the Association of Volks- und Raiffeisenbanken there are four renowned crypto financial products to choose from: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Cardano (ADA).
However, the decision to offer assets is made individually by each individual cooperative bank. According to a survey conducted by their association in September 2025, initially no more than a third of the institutes actually want to make the offer available to interested customers.
The “meinKrypto-Wallet” was developed by Atruvia, the IT service provider of the cooperative financial network and DZ BANK. The digital custody branch of Boerse Stuttgart takes care of the custody of the crypto assets, while transactions are executed via EUWAX.
“EUWAX” is the abbreviation of the European Securities Exchange Stuttgart, the stock exchange in Germany that specializes in trading warrants, certificates and other structured financial products.
EUWAX is particularly interesting for private investors and institutional investors who rely on derivatives. It trades with warrants and certificates as well as with leverage products – and in the future also with the above-mentioned crypto currencies and their derivatives.
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