Thank you to everyone who participated in and commented on the poll yesterday regarding whether if "Self-Custody is suitable for everyone?". Looking at the poll results, opinions seem to be divided, and personally, I expected a different voting ratio.
Here in Germany, both major banks, Commerzbank and Deutsche Bank, applied for a crypto custody license this year. Commerzbank recently obtained it, and several smaller banks (Donner & Reuscheln, M.M. Marburg, etc.) have also secured this license. I believe these major banks are considering how to navigate the increasing Bitcoin adoption and how to integrate it into their business strategies. I am particularly curious about what such products could look like.
As mentioned yesterday, I am a staunch supporter of Self-Custody, but I am intrigued to understand the potential future products from these institutions, as they are likely to become part of our daily lives, whether intentionally or not. Alternatively, could we see the emergence of new service providers like Custodia Bank or others?
In what ways could typical banks enter the custody business and monetize custody services? Have banks in your regioin applied for similar licenses or even already have them?