German Bank Partners With Singapore Fintech Consortium on Blockchain
Ten31, the FinTech arm of Germany’s WEG Bank, has partnered with Singaporean technology incubator, Anquan Capital. Anquan Capital has launched a number of distributed ledger technology, or DLT, firms, including Zilliqa and Anqlave.
The collaboration appears poised to see WEG’s Ten31 provide digital asset custody services for Anquan affiliates — with Anqlave offering custody solutions to enterprise clients. The press release states that “it is expected, for example, that the legal framework for crypto storage that has been in place since early 2020 will play a role, adding: WEG Bank is also licensed to provide crypto trading and custody services from Estonia, having secured licensing during August 2019 through its sister company, WEG Blocklink OÜ.
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