Commerzbank invests in crypto ETP issuer nxtAssets

  • Commerzbank AG is joining nxtAssets GmbH as a strategic shareholder, according to a press release obtained by BTC-ECHO. The Frankfurt-based institution is thus intensifying its commitment to the digital asset sector.
  • nxtAssets is an issuer of physically backed exchange-traded products (ETPs) on cryptocurrencies such as Bitcoin and Ether. The collateral is held in Germany by Crypto Finance (Deutschland) GmbH, a subsidiary of Deutsche Börse Group.
  • In the future, nxtAssets' product range will be expanded to include additional cryptocurrencies. Commerzbank's involvement will enable regulated access to digital assets for institutional and private investors.
  • In addition to the equity investment, both companies agreed to cooperate closely in the area of institutional custody of crypto assets. Commerzbank will act as a second custody partner for nxtAssets alongside Crypto Finance.
  • “With Commerzbank, we are gaining another strong partner who shares our vision of simple, secure, and regulated access to digital assets,” said Vera Claas, Managing Director of nxtAssets GmbH.
  • Dirk Hess, Managing Director of nxtAssets, added: “Commerzbank's participation demonstrates that digital assets are becoming an integral part of modern capital investments.”
  • For Commerzbank, the entry marks a strategic expansion of its digital asset business. “Our commitment to nxtAssets sends a clear message: We are actively shaping the future of digital asset management and are committed to the highest security standards for our customers,” explained Gernot Kleckner, Head of Capital Markets in the Corporate Banking division.

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Eine Quelle: btc-echo.de

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