According to CoinDesk, DekaBank, a German bank with an asset management scale of 360 billion euros (about 390 billion U.S. dollars), announced that it has cooperated with the Swiss cryptocurrency company Metaco to launch cryptocurrency custody and asset management services, but the business still needs permission from the German Federal Financial Supervisory Authority. DekaBank is one of Germany's largest securities service providers, providing custody, capital markets and asset management solutions to the German savings bank financial group.