Deutsche WertpapierService Bank AG (dwpbank) has partnered with valantic FSA to launch the “wpNex” digital assets platform, enabling 1,200 banks and savings banks in Germany to trade digital assets for themselves and their customers. Initially offering cryptocurrency trading, wpNex will gradually expand to include regulated trading of other digital assets.
Valantic FSA’s automation platform connects existing core banking systems with the trading system of the execution broker, wallet provider, and settlement service provider, providing an automated workflow between parties. This enables banks to offer customers access to cryptocurrency trading through existing systems while significantly reducing transaction costs.
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