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Bullish and Deutsche Bank Join Forces for Institutional Crypto-Fiat Integration

Highlights:

  • Bullish and Deutsche Bank partner to make institutional fiat access to crypto trading easier
  • The partnership supports the use of real-time payments and improved reconciliation through APIs.
  • Bullish is looking to expand into the US markets as the regulatory reach expands.

Bullish and Deutsche Bank have joined forces in a strategic alliance to enhance fiat services for trading digital assets. The partnership aims to facilitate smooth fiat adoption for Bullish Exchange customers in regulated markets. The collaboration enables institutional customers to save and redeem fiat without complications.

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The exchange has licenses with the SFC in Hong Kong and the German BaFin. Deutsche Bank will now be able to support these regulated entities with its full banking services. Bullish, which is listed on the NYSE under the BLSH ticker, is still expanding its institutional-grade infrastructure.

This move indicates the increasing interest of traditional banks in digital assets. Deutsche Bank is one of the financial institutions that has been making moves to assist in crypto-related services. The alliance also aligns with the Bullish strategy to expand its international presence in various jurisdictions.

Institutional Access to Crypto Markets

Bullish focuses on institutional clients, providing advanced market infrastructure and liquidity to the market. Since it launched in 2021, it has handled more than $1.5 trillion in trading volume. The platform now averages over $2 billion of daily spot volume. It is one of the top ten exchanges for trading Bitcoin and Ether.

Deutsche Bank will provide API-based banking functionality such as instant payments and real-time transaction reporting. It helps the institutions to track the movement of funds accurately and manage accounts efficiently. A virtual account structure also enhances the reconciliation rates for enterprise clients.

Chris Tyrer, president of Bullish Exchange, said:

“Partnership with Deutsche Bank is a milestone in Bullish’s banking network expansion. This collaboration allows greater choice and flexibility for our customers in managing their assets. We are proud to make our services more secure and efficient by providing seamless on & off ramp access via Deutsche Bank’s fiat payment rails.”

The partnership places both companies at the leading edge of the regulated crypto-financial services. With mounting pressure to have a compliant crypto infrastructure, their partnership aids institutional adoption. Bullish wants to offer its global pool of clients secure and seamless on-ramps and off-ramps.

According to Kilian Thalhammer, Head of Merchant Solutions, Bullish fits into the bank’s vision for safe and innovative finance. He highlighted the common thread in terms of transparency and trust towards customers.

Global Expansion and Regulatory Reach

Bullish plans to expand the Deutsche Bank involvement into the U.S. and other regions. The firm is headed by former NYSE President Tom Farley and backed by key investors, including Peter Thiel. Regulatory readiness continues to be the core of Bullish’s global growth strategy.

Licensed by the New York State Department of Financial Services, Bullish meets some of the strictest crypto laws in the world. The exchange continues to strengthen its playing field as a compliant top-tier digital asset platform.

Over the last few years, Deutsche Bank has become more active in the development of blockchain. The bank announced a layer-2 implementation on Ethereum in 2024, called Project Dama 2. The project focuses on addressing regulatory issues related to the use of public blockchains.

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