German bank Donner & Reuschel will add support for cryptocurrencies

German commercial bank Donner & Reuschel, headquartered in Hamburg, plans to offer customers a service for the purchase and storage of digital assets. CoinDesk reports .

According to the newspaper, the decision was caused by high market demand. The bank is also considering the possibility of asset tokenization.

“We are observing the cryptocurrency market and are convinced of the potential of the blockchain, including in relation to traditional securities transactions,” said the spokesman for the bank’s board Markus Witt.

Founded in 1798, Donner & Reuschel manages approximately $ 10.7 billion in assets, according to CoinDesk.

A recent survey by Goldman Sachs, a major US investment bank, found that 40% of their clients own digital assets . More than 60% of them expect cryptocurrencies to grow over the next 12-24 months.

Recall that the private bank Bordier & Cie, founded in 1844 in Geneva, added the purchase, trade and storage of bitcoin, Ethereum, Bitcoin Cash and Tezos to the list of services provided.

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