• Deutsche Bank’s asset management arm DWS Group is reportedly in discussion to invest in two German crypto companies.
• The companies negotiating with DWS are Deutsche Digital Assets, a crypto exchange-traded products provider, and market maker Tradias.
• DWS Group CEO Stefan Hoops said that the bank is planning to build or acquire blockchain-related services.
Deutsche Bank’s DWS Eyes Two German Crypto Firms for Investment
Deutsche Bank’s asset management arm, DWS Group, is reportedly in discussions to invest in two German cryptocurrency companies. The companies include Deutsche Digital Assets, a crypto exchange-traded products provider, and market maker Tradias.
DWS Group CEO Comments on Opportunities Presented by Crypto Industry
DWS Group CEO Stefan Hoops has expressed optimism about the opportunities presented by the digital assets space. During an earnings call, Hoops stated that the downturn in digital asset prices might create “interesting opportunities” for DWS. He also mentioned a plan to build or acquire various blockchain-related services as part of their strategy for the crypto industry.
Overview of Deutsche Digital Assets
According to its website, Deutsche Digital Assets offers investors exposure to cryptocurrency assets through various investment vehicles ranging from passive to actively managed funds, as well as white-labeling services for asset managers.
Tradias: An OTC Trading Platform For Cryptocurrencies & Security Tokens
Tradias is an over-the-counter (OTC) trading platform created by Bankhaus Scheich in 2020 providing loans and liquidity services for cryptocurrencies and security tokens.
Deutsche Bank’s asset management arm is reportedly looking into investing in two German cryptocurrency firms – Deutsche Digital Assets and Tradias – as part of its strategy for entering the digital assets space. Through these investments, it aims to gain access to valuable blockchain-related services which could potentially provide interesting opportunities during this bearish market phase.