Landesbank Baden-Württemberg (LBBW), Germany's largest federal bank, partners with Bitpanda Technology Solutions to offer cryptocurrency services.

The service aimed at corporate clients will start in the second half of 2024, offering secure custody and procurement of Bitcoin, Ethereum, and other digital assets.

LBBW, with €333 billion in assets, joins other German banks in incorporating cryptocurrency solutions.

The partnership, leveraging Bitpanda's regulatory framework, enables LBBW a swift entry into the crypto market.

Initially a three-year collaboration, there's a possibility of extending services to private customers in the future.

LBBW's move signifies a significant shift in the traditional banking sector towards the integration of cryptocurrency services.