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Blocknox, a subsidiary of the Stuttgart Stock Exchange, began offering digital asset storage services for institutional market participants such as banks and investment companies. The cryptocurrency division of Germany’s second largest exchange already offers similar services for retail customers working on its trading platform, but wants to take its custodian service to a new level. In January, Blocknox notified the local regulator of plans to obtain a license, so it already has the right to offer services on a temporary basis. According to Blocknox Managing Director Ulli Spankowski, institutional clients will not only be able to store cryptocurrency, but also use the storage as the basis for their own digital asset projects.

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