Crypto Finance AG, a blockchain asset-related holding company founded in June 2017, announced that it has expanded its Crypto Storage AG subsidiary into Germany with a new office in Frankfurt.
With a base in Frankfurt in 2019, Crypto Storage is establishing its technical infrastructure in Germany to enable an offering of secure digital asset storage for institutional and professional clients in the first phase. In a second phase, the services may be offered to a wider range of clients.
Crypto Storage clients benefit from an advanced governance framework, whether they are established traditional financial intermediaries or disruptive businesses on the cutting edge of the machine economy.
Derived from European banking law and audited by a Big 4 accounting firm, this framework is paired perfectly with the Crypto Storage infrastructure solutions. Crypto Storage raised this bar on a voluntary basis, in the conviction that crypto market participants benefit from the professional standards prevalent in traditional markets. This offering has made it easier for their institutional clients to invest in and transact using crypto assets, with the security, compliance, and risk management that they need.
This development comes as Germany introduces amendments to the German Banking Act (Kreditwesengesetz), based on the 5th Anti-Money Laundering Directive from the EU, being implemented by EU member states by January 2020. For Crypto Storage, the amendments in anti-money laundering regulation in Germany indicate that market infrastructure is evolving to a new level of trust and security. The comparison of processes and technical risk management aspects are becoming more standardized.
“This step comes as a logical consequence of the recent regulatory developments implemented in Germany. Crypto Storage AG has proven storage infrastructure and tokenization services, professional risk management, and top-tier corporate governance, placing our clients in pole position as crypto markets develop.”
– Crypto Storage AG CEO, Stijn Vander Straeten
Learn more about Crypto Storage AG and Crypto Finance AG Euro Finance Week in Frankfurt starting today Monday, November 18, during “Blockchain Nation Switzerland meets FinTech Hub Frankfurt.” The program puts a spotlight on the opportunities in blockchain for financial intermediaries in Germany.
