HEUKING advises dwpbank on MiCAR notification to enable crypto-asset trading

HEUKING advised Deutsche WertpapierService Bank AG (dwpbank) in a BaFin notification procedure to extend its licensed services to include crypto-asset services. The engagement concerned dwpbank’s MiCAR notification to broaden its authorised activities and thereby permit the continuation and formalisation of crypto-asset trading for its client institutions. With the wpNex platform, dwpbank has been offering a productive solution for trading digital assets since summer 2024. Following conclusion of the MiCAR notification procedure, dwpbank is able to continue executing its clients’ orders to buy and sell crypto-assets such as Bitcoin and Ether in compliance with the Markets in Crypto-Assets Regulation (MiCAR). More than 1,000 credit institutions across all three German banking sectors outsource securities processes to dwpbank. For these institutions dwpbank manages some 5.3 million securities accounts with a custody volume in excess of EUR 2.2 trillion and processed more than 53 million securities transactions in 2024. Through its established market access, dwpbank is helping to integrate crypto-asset trading into the broader German banking landscape by enabling custody account clients of banks and savings banks to invest in crypto-assets directly within their familiar banking environment and to view and manage traditional and digital assets in a single space. HEUKING represented Deutsche WertpapierService Bank AG (dwpbank) with a team composed by: Partner Dr. Dr. Johannes Blassl (Lead), Dr. Christoph Gringel, Svenja Brinkmann, all Financial Regulatory, Frankfurt.

HEUKING advises dwpbank on MiCAR notification to enable crypto-asset trading

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