According to Bloomberg, DWS Group, the asset management arm of Deutsche Bank, is in talks to invest in two German encryption companies as part of its growth strategy. DWS Chief Executive Officer Stefan Hoops has begun talks to acquire minority stakes in ETF provider Deutsche Digital Assets and trading firm Tradias, according to people familiar with the matter. A longtime cryptocurrency advocate, Hoops said during an earnings call last week that the current low prices for crypto assets could create "interesting opportunities" for DWS. In the company’s roadmap released in December, Hoops mentioned that one of the company’s goals is to support access to its products via blockchain, with the vision being to create a euro stablecoin and build or invest in various blockchain-related services.