Yesterday, two major banks moved in opposite directions on the same day.
Nomura wants to sell its crypto division.
Laser Digital, founded in 2022, is being eyed by Marex, Bloomberg reported on November 11. No deal has been finalized.
Its European business has posted losses for four consecutive quarters, losing 7.4 billion yen, or about $46.5 million, in the quarter ended September.
The irony is that it had only just secured its licenses: in August this year, Laser Digital Japan received exchange registration—the first new one in four years—and it also got preliminary approval for a U.S. trust bank charter.
Less than three months after securing the licenses, it wants to sell.
Deutsche Bank is going in the opposite direction.
Germany’s largest bank is launching digital asset custody this Wednesday, exclusively for institutional and corporate clients.
$BTC, $ETH , and three stablecoins.
It will only hold and transfer assets, not trade them. The bank will manage the private keys itself.
The service was announced in September. On October 12, it was added to the EU’s MiCA register. The technology has been developed with Taurus since 2023.
Russia has also set its rules: announced on November 6 and effective November 17, they let retail investors buy $BTC , $ETH , and $USDT, with an annual cap of 300,000 rubles—about $3,700—per institution. Buyers must pass a test first.
The big banks haven’t stopped believing in crypto.
They’ve just done the math: trading themselves can mean losses; looking after other people’s assets brings in reliable custody fees.
The ones trading are spooked by losses. The custodians are just getting started.
#DeutscheBank
Nomura wants to sell its crypto division.
Laser Digital, founded in 2022, is being eyed by Marex, Bloomberg reported on November 11. No deal has been finalized.
Its European business has posted losses for four consecutive quarters, losing 7.4 billion yen, or about $46.5 million, in the quarter ended September.
The irony is that it had only just secured its licenses: in August this year, Laser Digital Japan received exchange registration—the first new one in four years—and it also got preliminary approval for a U.S. trust bank charter.
Less than three months after securing the licenses, it wants to sell.
Deutsche Bank is going in the opposite direction.
Germany’s largest bank is launching digital asset custody this Wednesday, exclusively for institutional and corporate clients.
$BTC, $ETH , and three stablecoins.
It will only hold and transfer assets, not trade them. The bank will manage the private keys itself.
The service was announced in September. On October 12, it was added to the EU’s MiCA register. The technology has been developed with Taurus since 2023.
Russia has also set its rules: announced on November 6 and effective November 17, they let retail investors buy $BTC , $ETH , and $USDT, with an annual cap of 300,000 rubles—about $3,700—per institution. Buyers must pass a test first.
The big banks haven’t stopped believing in crypto.
They’ve just done the math: trading themselves can mean losses; looking after other people’s assets brings in reliable custody fees.
The ones trading are spooked by losses. The custodians are just getting started.
#DeutscheBank
