Home>Business>Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report

Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report


Spanish monetary providers large Banco Santander has reportedly chosen digital asset administration agency Taurus to safeguard its Swiss shoppers’ Bitcoin (BTC) and Ether (ETH).

On Nov. 20, Santander Personal Banking Worldwide’s Swiss personal banking unit rolled out a new Bitcoin and Ether trading service for shoppers with Swiss accounts. A Santander spokesperson informed Cointelegraph that shoppers will get entry to crypto funding providers solely after requesting it via relationship managers.

A CoinDesk report citing “an individual conversant in the association” said that the financial institution had appointed crypto custody agency Taurus for the safekeeping of the crypto property. Cointelegraph reached out for affirmation from Santander, which declined to remark, saying:

“Sadly, it’s a no remark. We don’t touch upon suppliers or potential suppliers.”

On Sept. 14, Taurus partnered with German banking large Deutsche Financial institution to offer cryptocurrency custody choices to its clients.

Taurus didn’t instantly reply to Cointelegraph’s request for remark.

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Whereas some banks faucet into current gamers for custodial wants, DZ Financial institution — the third largest financial institution in Germany by asset measurement — launched its personal digital property custody platform constructed on blockchain.

Holger Meffert, head of securities providers and digital custody at DZ, expressed the financial institution’s curiosity in distributed ledger know-how. The financial institution additionally hopes to supply institutional traders and personal clients the ability to purchase cryptocurrencies, “akin to Bitcoin,” sooner or later.

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