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Deutsche Boerse's Clearstream to offer bitcoin and ether custody services

Deutsche Boerse's post-trade services arm, Clearstream, has announced plans to introduce custody services for Bitcoin and Ether, aiming to cater to institutional investors seeking secure and regulated crypto asset management. This move is part of a broader strategy to integrate digital assets into traditional financial markets, providing a bridge between conventional finance and the burgeoning world of cryptocurrencies. Clearstream's initiative will ensure that these digital assets are held in a manner compliant with existing financial regulations, offering a secure environment for investors wary of the risks associated with cryptocurrency exchanges. The service is expected to launch in the third quarter of 2023, following necessary regulatory approvals, and will initially focus on Bitcoin and Ether, with potential expansion to other digital assets in the future.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/other/deutsche-boerse-s-clearstream-to-offer-bitcoin-and-ether-custody-services/ar-AA1AGDRT ]