- Clearstream, a subsidiary of the German Stock Exchange, Plant, BTC and ETH to integrate into the European financial system by offering secure and regulated custody solutions.
- The announcement is made at a time when cryptocurrencies are adopted by institutions worldwide. Large financial institutions have created strategic Bitcoin reserves in the United States.
Clearstream, a subsidiary of the German Stock Exchange, will introduce custody services for Bitcoin (BTC) and Ethereum (ETH) at an institutional level in April and thus take a step towards integrating digital assets into traditional finance. This initiative is aimed exclusively at institutional investors in Europe, including asset managers and financial institutions who are looking for safe and compliant solutions for the custody of their BTC and ETH stocks.
The unit Digital Custody was founded in 2021 after the takeover of Crypto Finance AG. As Bloomberg reports, If Clearstream will offer custody services for digital assets via Crypto Finance AG and thus ensure that institutions can store cryptocurrencies with the same level of security, transparency and regulatory supervision as conventional financial instruments.
Clearstream will use security protocols in institutional quality and wallets with several signatures to meet the requirements of banks, hedge funds and asset managers. In addition, the entry of the German stock exchange into the institutional crypto custody in view of clearer regulatory framework signals growing acceptance of digital assets within the European financial systems.
Institutional demand for Bitcoin is increasing
As of March 11, the institutional interest in Bitcoin continues to increase: 164 companies hold BTC. Among them are 88 listed companies that have a significant share. Microstrategy (MSTR) has been the largest company holder from Bitcoin since August 11, 2020 and currently has $ 499,096 BTC worth $ 40.35 billion. The company’s BTC stocks are almost ten times as high as that of Mara Holdings that holds 46,374 BTC.
As CNF reported, Fold 475 BTC worth approximately $ 41 million in his assets. Fold Holdings is one of the 20 companies with the largest Bitcoin reserves in the USA. The growing demand for Bitcoin coincides with a broader shift in global financial dynamics.
Donald Trump recently signed a implementing regulations for the establishment of a strategic Bitcoin reserve. This reserve will maintain BTC, which were acquired by assets by criminal and civil law seizures, with a strict ban on the sale of Bitcoin that have been paid into this reserve. The dynamics for Bitcoin reserves at the state level are also increasing. How CNF reportedhave 20 of the 50 states to process draft laws for strategic BTC reserves. If you are all adopted, according to a conservative estimate, this could lead to 247,000 BTC in the hands of the states and further strengthen the role of Bitcoin in the financial sector.
Despite wider market fluctuations, Bitcoin has recorded an increase of 0.62% in the last 24 hours and listed At the time of going to pressat $ 84,698with a market capitalization of $ 1.59 trillion. The BTC turnover rose by 30.11% and reached $ 59 billion because the market recovered from a disappointing weekend.
In contrast, Ethereum recorded a severe decline In the course of the last daya 7.33 % And 8.79 % decreased in the last week. ETH has now fallen under the threshold of $ 2,000 and is currently traded at $ 1,881, which reflects the weaker dynamics on the Altcoin market.
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