Deutsche WertpapierService Bank (Dwpbank), which provides securities processing services to approximately 1,200 banks in Germany, is launching a new platform called wpNex. This platform will allow all of its affiliate banks’ retail customers to access Bitcoin without requiring additional Know Your Customer (KYC) procedures. The new service will enable customers to hold crypto accounts alongside their existing bank accounts.
According to reports, Tangany, a wallet-as-a-service provider, and Tradias, the digital asset trading service of Bankhaus Scheich, will also participate in the new offering. However, customers will not hold private keys. Dwpbank CEO Heiko Beck said that the bank intends to add other cryptocurrencies, digital assets, and tokenized securities to the platform in the future.
MLP Banking was the first Dwpbank affiliate to join the wpNex platform and has already conducted a transaction on it. MLP Banking’s account…
