Bitpanda has partnered with LBBW to provide crypto solutions to corporate clients.
Takeaway Points
- Bitpanda announced on Monday that it has partnered with Landesbank Baden-Württemberg (LBBW), Germany’s largest federal bank, with a balance sheet of more than 330 billion euros.
- Bitpanda’s state-of-the-art crypto custody platform will become the foundation of LBBW’s digital asset offerings.
Why did Bitpanda partner with LBBW?
The crypto exchange company Bitpanda announced on Monday that it has partnered with Landesbank Baden-Württemberg (LBBW), Germany’s largest federal bank, with a balance sheet of more than 330 billion euros. With this partnership, LBBW will use Bitpanda Technology Solution’s advanced “Investment-as-a-Service” (IaaS) infrastructure to provide top-notch cryptocurrency custody and procurement services to its corporate clients.
According to a Bitpanda post on X, Dr. Jürgen Harengel, COO Corporate Bank at LBBW, said that the demand from their corporate customers for digital assets is increasing.
“The demand from our corporate customers for digital assets is increasing. We are convinced that crypto assets will establish themselves as a building block for further business models. With this cooperation, we are creating the technical and regulatory basis at an early stage to best support the individual crypto strategies of our corporate customers.”
The Partnership
Bitpanda said that this partnership will help solve the unique challenges of the digital asset landscape, including crucial security and compliance needs. With Bitpanda Technology Solutions, LBBW will provide its clients with streamlined access to a regulated platform for cryptocurrency custody services.
According to the report, Bitpanda’s state-of-the-art crypto custody platform will become the foundation of LBBW’s digital asset offerings. By leveraging Bitpanda Tech’s expertise and robust infrastructure, LBBW ensures the highest standards of security and regulatory compliance for its corporate clients.
Together, LBBW and Bitpanda are set to redefine the landscape of digital asset custody and procurement, establishing new benchmarks for the industry.
About Bitpanda
Bitpanda is a digital assets service provider that was founded in 2014 in Vienna with the Austrian Financial Market Authority (FMA) under FM-GwG and with the French Autorité des marchés financiers (AMF) under PACTE law. Bitpanda has 700 team members and 4 million users across the world.
The partners of Bitpanda are Coinbase, Visa, Mamabu, Skaleet, Fabrick, Bluesource, Fintech Poland, Fourthline, Vacuumlabs, Cashlink, Arttrade, and Senacor.
Paolo Zaccardi, Co-Founder & CEO at Fabrick said that with this partnership, their platform, an innovative investment service with an “open” perspective, will be available for the first time.
“Thanks to the partnership with Bitpanda, through our platform, an innovative investment service with an “open” perspective will be available for the first time. The partnership reflects Fabrick’s philosophy, which, through collaboration between different players, wants to enable all operators to easily integrate new services to respond quickly and effectively to market demands.”
Bitpanda’s strategic partnership with LBBW marks a significant milestone in the integration of crypto solutions into traditional financial services. This collaboration not only signifies the growing acceptance and adoption of cryptocurrencies but also demonstrates a proactive approach towards meeting the evolving needs of clients in the digital era. By leveraging Bitpanda’s expertise in the crypto space alongside LBBW’s established reputation in banking, clients can now access a comprehensive range of crypto services with confidence and security.
