Deutsche Bank’s Asset Management Arm Eyes Crypto Investments
- DWS is considering minority stakes in the two crypto firms
- CEO Hoops, a crypto advocate, is trying to reignite growth
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Deutsche Bank AG’s asset management arm is in talks to invest in two German cryptocurrency firms as part of efforts to revive growth, according to people familiar with the matter.
DWS Group, led by Chief Executive Officer Stefan Hoops, has held talks about buying a minority stake in Deutsche Digital Assets, a Frankfurt-based provider of crypto exchange-traded products, the people said, declining to be named discussing private information. Another potential target is Tradias, the market-making firm owned by Bankhaus Scheich, they said.