Bison expands banking network with Deutsche Bank partnership

Bison strengthens its banking options by adding Germany’s largest bank as a partner to protect customer balances.

On Jan. 13, Bison, the crypto trading platform operated by the Boerse Stuttgart Group, revealed that Deutsche Bank has joined as a new banking partner, diversifying its banking relationships and marking the entry of Germany’s largest bank into the role of protecting euro deposits on the platform. Solaris SE, which has been a key partner for some time, will maintain its role alongside Deutsche Bank.

Börse Stuttgart, recognized as the sixth largest exchange group in Europe, operates with a focus on several strategic areas. These include the capital markets business and ventures in the digital and crypto sectors

The collaboration requires users to update the Bison app to version 4.4.0, accept revised terms and conditions, and consent to having their euro balances held in an escrow account managed by Deutsche Bank.

Bison clarified that these changes will not affect fees, transaction limits, or the speed of deposits and withdrawals. Users can continue to access their balances without interruptions, and existing IBAN details remain unchanged. Deposits will remain protected under statutory insurance, providing coverage of up to €100,000 per depositor and bank.

Deutsche Bank’s recent activities in crypto services include a December 2024 partnership with Crypto.com, offering corporate banking support in Asia-Pacific regions such as Singapore, Australia, and Hong Kong.

Additionally, Deutsche Bank is participating in Project Dama 2, an initiative under the Monetary Authority of Singapore’s Project Guardian. The program involves 24 financial institutions exploring the use of blockchain for asset tokenization.