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Deutsche Wertpapier Service Bank to Launch wpNex Digital Asset Platform

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It is reported that Deutsche Wertpapier Service Bank (dwpbank), which provides securities processing services for about 1200 banks in Germany, is creating a new digital asset platf

Deutsche Wertpapier Service Bank to Launch wpNex Digital Asset Platform

It is reported that Deutsche Wertpapier Service Bank (dwpbank), which provides securities processing services for about 1200 banks in Germany, is creating a new digital asset platform, wpNex, which will launch a pilot crypto asset trading platform for retail customers in the second half of this year. It is reported that this new service will provide crypto accounts and do not require additional KYC procedures. The tradias digital asset trading services of Tangany and Bankhaus Scheich, both wallet-as-a-service providers, will also participate in the new product, and retail customers will not hold private keys. “Dwpbank CEO Heiko Beck said that the bank plans to add more cryptocurrencies, digital assets, and tokenized securities to the service in the future.”.

German dwpbank to launch digital asset platform wpNex

Deutsche Wertpapier Service Bank (dwpbank) has announced plans to launch a new digital asset platform called wpNex. The platform will offer pilot crypto asset trading services to retail customers in the second half of 2021, as reported by the bank.
The pilot trading platform is expected to be innovative in terms of the crypto accounts provided to customers, which will not require additional KYC procedures. It is also reported that Tangany and Bankhaus Scheich, both wallet-as-a-service providers, will participate in the new product’s tradias digital asset trading services. Retail customers will not hold private keys.
The CEO of dwpbank, Heiko Beck, expressed that the bank has planned to add more cryptocurrencies, digital assets, and tokenized securities to the service in the future.

What is wpNex?

wpNex is a new digital asset platform being developed by Deutsche Wertpapier Service Bank (dwpbank). The platform is expected to launch pilot crypto asset trading services for retail customers in the second half of this year. It is anticipated that the platform will offer crypto accounts that will not require additional KYC procedures.

What Digital Asset Services Will wpNex Offer?

wpNex will offer a pilot trading platform for cryptocurrency assets. It will also provide crypto accounts that do not need additional KYC procedures. Furthermore, dwpbank plans to add more cryptocurrencies, digital assets, and tokenized securities to the platform’s services in the future.

Who Will Participate in wpNex?

It is reported that Tangany and Bankhaus Scheich, both wallet-as-a-service providers, will participate in the new product’s tradias digital asset trading services. This will provide retail customers with a wider selection of digital asset trading services.

The Importance of wpNex

wpNex is an innovative platform that will offer crypto asset trading services for retail customers. The platform’s unique feature of providing crypto accounts that do not require additional KYC procedures is anticipated to attract more retail customers to the platform.
In addition, the involvement of Tangany and Bankhaus Scheich in tradias digital asset trading services is a sign of the promising future and growth potential of wpNex. The platform’s development will offer more digital asset trading services that will provide a wide range of benefits for retail customers.

Challenges of the Digital Asset Trading Industry

The digital asset trading industry has had to face various challenges, including lack of regulations and security concerns. However, the industry has been growing rapidly, with many banks and financial institutions adding crypto asset trading services to their portfolios.
The launch of wpNex is a sign that Deutsche Wertpapier Service Bank is willing to embrace the new digital asset platform and offer innovative crypto asset trading services. It is anticipated that other banks and financial institutions will follow suit as they recognize the potential of the digital asset trading industry.

Conclusion

Deutsche Wertpapier Service Bank’s announcement of the launch of wpNex digital asset platform is a significant development for the digital asset trading industry. The innovative platform’s unique features, including providing crypto accounts that do not require additional KYC procedures and expanding the variety of digital asset trading services, will offer many benefits to retail customers.
As the digital asset trading industry continues to grow, wpNex’s launch is expected to create more opportunities for banks and other financial institutions to enter the industry and offer more innovative digital asset services to their customers.

FAQs

1. What is wpNex?
wpNex is a new digital asset platform that Deutsche Wertpapier Service Bank is set to launch. The platform is expected to offer crypto asset trading services for retail customers.
2. What is the unique feature of wpNex?
wpNex’s unique feature is that it will provide crypto accounts that do not require additional KYC procedures, making it easier for retail customers to access crypto asset trading services.
3. Will wpNex offer other digital asset services in the future?
Yes, Deutsche Wertpapier Service Bank CEO, Heiko Beck, has stated that the bank’s plan is to add more cryptocurrencies, digital assets, and tokenized securities to the service in the future.

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