Deutsche Bank has partnered with Singapore-based cryptocurrency exchange company Crypto.com to provide it with corporate banking services in Singapore, Australia and Hong Kong.
The bank said that the move will allow Crypto.com to offer corporate banking capabilities, increase the company’s efficiency, and create a strong banking foundation in the region.
Crypto.com said that it plans to work with Deutsche Bank to provide additional banking support and coverage in more countries as the relationship progresses.
“We are delighted to support Crypto.com’s strategic businesses in Asia Pacific,” said Kriti Jain, head of new economy corporate coverage for APAC and cash sales for APAC & MEA for Deutsche Bank. “Our strong track record with serving global new economy clients, combined with our commitment to innovation and broad global network position us strongly to help Crypto.com with its long-term growth ambitions.”
Earlier this month, Mastercard announced a partnership with Crypto.com, enabling the firm to directly issue cards on Mastercard’s network.
As part of the move, Crypto.com will initially launch a Mastercard-powered card in Bahrain, with plans to gradually expand across GCC region after that.
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