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🇩🇪 German Asset Manager DekaBank Rolls Out Crypto Services for Investors

DekaBank Secures Crypto Custody License from BaFin

DekaBank, one of Germany’s largest asset managers, obtained a crypto custody license from BaFin under the German Banking Act. The approval allows the institution to offer secure digital asset storage and trading to institutional investors. The bank operates under the supervision of BaFin and the European Central Bank (ECB), ensuring compliance with regulatory requirements.

Martin K. Müller, a representative of DekaBank, stated that the institution has the required experience, licenses, and infrastructure to support its clients.

He added that the services align with the bank’s commitment to security and compliance. The institution manages assets for Sparkassen-Finanzgruppe, Germany’s largest financial services group, giving it access to a broad network of institutional investors.

📊 Binance Co-Founder Reveals Crypto Portfolio, Here’s What He Holds

Binance Co-Founder Holds 98.48% in BNB, Reveals Trader Profile Feature

According to a recent report, Changpeng Zhao, the Binance co-founder, has demonstrated commitment to his company’s native token, Binance Coin (BNB), by allocating a vast majority of his investment portfolio to it. Zhao’s holdings in BNB make up 98.48% of his total assets, underscoring his belief in the token’s value and the Binance ecosystem.

Despite the heavy concentration in BNB, Binance co-founder maintains a diverse though small portion of his portfolio in other cryptocurrencies. He holds 1.32% of his assets in Bitcoin (BTC), suggesting strategic diversification.

More so, the remaining portion of his portfolio consists of minor holdings in EURI and USDT. CZ holds 0.17% in EURI, a stablecoin tied to the Euro, and 0.03% in USDT. These holdings suggest a minimal position in stablecoins, with most of his assets committed to Binance-related investments.

This revelation comes just days after the Binance founder confirmed that BNB donations had surpassed $1 million. He is now seeking community input on the best way to distribute the funds.