DLT Finance has received nine new BaFin licenses, making the company Germany’s first crypto-focused financial institute for digital asset brokerage, custody and staking services.
The unique licenses, given to DLT Finance’s subsidiary company, mean its clients will no longer need their own license, but will be able to trade legally and securely with DLT Finance.
The licenses will allow DLT Finance’s clients to carry out over-the-counter trades and make deposits and withdrawals of crypto for instant trading.
Assets and services can be managed via DLT Finance’s application programming interface, or through integration with the client’s own dashboard.
Through the licenses, DLT’s crypto custody services will further facilitate relevant compliance processes, as well as the ability to conduct staking.
They will also allow clients access to decentralised finance and liquidity mining, as well as borrowing and lending.
These developments will hugely improve access and regulatory cover for digital assets, propelling new actors into the crypto landscape, says DLT Finance.
Based in Berlin and Frankfurt, the fintech company provides asset managers and crypto exchanges with tailored financial services.
