Monday, July 22, 2024
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Frankfurt financial firm DLT Finance gets BaFin Licences to build digital asset trading system

DLT Finance Group has secured nine BaFin licences in order to develop a digital asset platform aimed at international banks. DLT Finance Group is a Frankfurt-based financial services firm.

Services offered by digital asset solutions powered by DLT finance

The digital asset portal now offers a comprehensive range of authorized digital asset activities due to regulatory authorization. It includes brokerage, trading, custody, staking, and DeFi protocols.

DLT Finance provides its customers with a single API to incorporate crypto goods into their platforms. DLT Finance claimed that the digital asset platform was created to meet the demands of institutional clients like banks, brokers, asset managers, and crypto exchanges.

DLT Finance has previously worked with B2C2, Bitstamp, Kraken, and Bittrex. These are the prominent digital asset companies.

BaFin Licensing and DLT Finance partnership

The BaFin licence agreement is a one-of-a-kind legal framework for the digital asset industry. Customers of DLT Finance no longer require their own licences because they may transact legally and safely with the firm. 

DLT Finance allows users to construct an open system where assets may be deposited and withdrawn immediately. Such innovations are expected to significantly boost digital asset usage and regulatory protection, which lead to inviting more participants to the crypto environment.

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