PANews reported on March 11 that Clearstream, the post-trading arm of Deutsche Börse, announced that it will provide cryptocurrency settlement and custody services to institutional clients later this year. This marks another major European financial institution accelerating its deployment in the digital asset field.

Clearstream plans to provide Bitcoin and Ethereum related services to 2,500 customers starting next month through its holding subsidiary Crypto Finance as a sub-custodian. In the future, Clearstream also plans to support more cryptocurrencies and launch a number of features including staking, lending and brokerage services.