Crypto Firm Keyrock to Promote Services by Partnering With Deutsche Bank
Key Points:
- Deutsche Bank has formed a strategic partnership with crypto firm Keyrock to enhance its multicurrency accounts and foreign exchange services.
- The collaboration will enable Keyrock to expand its services across Europe, the Middle East, Africa, Asia-Pacific, and Latin America.
Deutsche Bank announced a strategic partnership with crypto firm Keyrock, a pan-European digital asset market maker, to extend the latter’s global operations.
Read more: Standard Chartered, Deutsche Bank Execute Stablecoin Payments UDPN Blockchain ExecuteÂ
Deutsche Bank and Crypto Firm Keyrock Ink Strategic Partnership
The partnership, announced on October 14, would enhance Keyrock’s multicurrency account and foreign exchange offerings to smoothen the market maker and OTC trading capabilities.
The move aims at the enhancement of Keyrock’s process of making payments and reducing counterparty and settlement risks with integrated services.
With that in mind, Keyrock is confident that tapping into Deutsche Bank‘s strong infrastructure can reduce the inefficiency in dealing with fiat currencies and speed up the pace of transactions, hence achieving “near-instant settlements.”With this agreement, Keyrock will expand its operations into EMEA, APAC, and LATAM.
Co-founded in 2017 by Kevin de Patoul, crypto firm Keyrock is behind the provision of liquidity on more than 100 currency pairs and runs its operations on around 400 markets globally. It provides scalable liquidity solutions using its proprietary algorithms for marketplaces and asset issuers.
Deutsche Bank Deepens Crypto Exposure with Partnership with Keyrock
In the last months, Keyrock also made an effort to strengthen regulatory compliance. Among others, it received approval by the Swiss Financial Services Standards Association to act as a financial intermediary in Switzerland. This license will enable the company to serve crypto companies and investors based in Switzerland.
The move underlines Deutsche Bank’s increasing exposure to the cryptocurrency market, having backed digital asset infrastructure provider Taurus and offering services to crypto exchange Bitpanda. The bank has also dabbled in blockchain technology through several pilots designed toward the tokenization of assets and interbank settlements.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Crypto Firm Keyrock to Promote Services by Partnering With Deutsche Bank
Key Points:
- Deutsche Bank has formed a strategic partnership with crypto firm Keyrock to enhance its multicurrency accounts and foreign exchange services.
- The collaboration will enable Keyrock to expand its services across Europe, the Middle East, Africa, Asia-Pacific, and Latin America.
Deutsche Bank announced a strategic partnership with crypto firm Keyrock, a pan-European digital asset market maker, to extend the latter’s global operations.
Read more: Standard Chartered, Deutsche Bank Execute Stablecoin Payments UDPN Blockchain ExecuteÂ
Deutsche Bank and Crypto Firm Keyrock Ink Strategic Partnership
The partnership, announced on October 14, would enhance Keyrock’s multicurrency account and foreign exchange offerings to smoothen the market maker and OTC trading capabilities.
The move aims at the enhancement of Keyrock’s process of making payments and reducing counterparty and settlement risks with integrated services.
With that in mind, Keyrock is confident that tapping into Deutsche Bank‘s strong infrastructure can reduce the inefficiency in dealing with fiat currencies and speed up the pace of transactions, hence achieving “near-instant settlements.”With this agreement, Keyrock will expand its operations into EMEA, APAC, and LATAM.
Co-founded in 2017 by Kevin de Patoul, crypto firm Keyrock is behind the provision of liquidity on more than 100 currency pairs and runs its operations on around 400 markets globally. It provides scalable liquidity solutions using its proprietary algorithms for marketplaces and asset issuers.
Deutsche Bank Deepens Crypto Exposure with Partnership with Keyrock
In the last months, Keyrock also made an effort to strengthen regulatory compliance. Among others, it received approval by the Swiss Financial Services Standards Association to act as a financial intermediary in Switzerland. This license will enable the company to serve crypto companies and investors based in Switzerland.
The move underlines Deutsche Bank’s increasing exposure to the cryptocurrency market, having backed digital asset infrastructure provider Taurus and offering services to crypto exchange Bitpanda. The bank has also dabbled in blockchain technology through several pilots designed toward the tokenization of assets and interbank settlements.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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