Deutsche Bank Joins Boerse Stuttgart-Owned Bison as Banking Partner

Last updated:

Editor

Veronika Rinecker

Editor

Veronika Rinecker

About Author

Veronika Rinecker is based in Germany and studied international journalism and media management. She specializes in reporting on topics such as politics and regulation, energy, blockchain, and…

Last updated:

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more

Deutsche Bank Joins Boerse Stuttgart-Owned Bison as Banking Partner

Bison, a cryptocurrency trading platform owned by the Boerse Stuttgart Group, announced on Jan. 13 that Deutsche Bank has become its banking partner.

This collaboration aligns with Bison’s multi-banking strategy and enables Deutsche Bank to safeguard the euro balances of Bison’s customers.

Bison confirmed in its press release shared with Cryptonews that this new partnership will not disrupt its existing collaboration with Solaris SE, Bison’s long-standing banking partner.

No Changes to Fees or Limits for Bison Users

Bison customers will continue to be able to access their euro balances seamlessly through the Bison app. There will be no changes to fees, deposit and withdrawal limits will also remain unaffected, according to the company’s press release.

To ensure a smooth transition, Bison has outlined the necessary steps for customers, which include updating the Bison app to the latest version 4.4.0 and accepting the updated terms and conditions. As a final step, users will be asked to agree to have their deposits held in a trust account with Deutsche Bank.

According to Bison, customer deposits remain protected, with both Solaris SE and Deutsche Bank offering deposit protection of up to €100,000 per depositor and bank, as required by law.

Deutsche Bank Deepens Ties to Crypto Market

In December 2024, Deutsche Bank partnered with cryptocurrency exchange Crypto.com, expanding its reach into the crypto market and offering corporate banking services to Crypto.com across Asian-Pacific markets. The partnership covers key regions like Singapore, Australia, and Hong Kong.

Deutsche Bank’s services extend beyond traditional banking for crypto companies. They offer a range of solutions, including fiat-to-crypto exchange and cross-border trading services.

The German bank also expressed interest in forging similar partnerships in the United Kingdom and other European countries.

Additionally, Deutsche Bank is reportedly developing its own Layer-2 blockchain solution on Ethereum using ZKsync technology. This L2 solution, part of Project Dama 2, aims to address the regulatory and compliance challenges associated with utilizing public blockchains in regulated financial services.

Project Dama 2 is part of the Monetary Authority of Singapore’s (MAS) Project Guardian, an initiative bringing together 24 financial institutions to explore the potential of blockchain-based asset tokenization.

You May Also Like