- Bitpanda joins with Raiffeisenlandesbank and Galaxy Digital to develop ETPs.
- Nexo Private offers exclusive digital asset wealth management solutions.
- WeChat expands the use of CBDC payments on its platforms.
Bitpanda Joins Hands with Raiffeisenlandesbank, Galaxy Digital to Develop ETPs
European trading platform Bitpanda announced it had agreed with one of Austria’s leading traditional banks, Raiffeisenlandesbank, to explore ways for offering digital assets to its customers. The bank “will become a pioneer in the European Union through this planned collaboration with Bitpanda,” said the announcement. The bank plans to offer its customers a broad range of cryptocurrencies, stocks, ETFs, precious metals, and commodities through Bitpanda’s SaaS offering. Trading will not go live this week as this is just the beginning of the collaboration.
Galaxy Digital Partners With DWS To Develop Exchange-Traded Products (ETPs)
Crypto-focused financial services firm Galaxy Digital partnered with asset manager DWS to develop a set of exchange-traded products (ETPs) for listing in Europe. “The strategic allies plan to also subsequently explore other digital asset solutions,” said the press release. The alliance is expected to combine DWS’s portfolio management, product structuring, and distribution expertise across liquid and illiquid asset classes with Galaxy’s technical infrastructure and asset management and research capabilities for digital assets. “The alliance aims to be a catalyst for both firms to jointly profit from emerging digital asset opportunities,” it added.
Nexo Introduces Nexo Private For High-Value Private Customers
Crypto lender Nexo introduced Nexo Private – an exclusive suite of digital asset wealth management solutions designed for high-value private customers – which comes with various complementing service features specific to dealings with high-net-worth individuals (HNWIs) and family offices. Benefits this service offers include dedicated relationship management, personalized onboarding, custom terms and rates, superior OTC services & priority support.
China Expands CBDC On WeChat Platforms
China’s biggest messager WeChat said that it extended the use of the country’s central bank digitial currency (CBDC) payments transactions happening through its short video & mini-app platforms which cover merchants ranging from small influencers & brands promoting products on WeChat. This update is an expansion of their earlier addition last month when they started supporting CBDC payments option on their platform