Digital asset platform Bullish (BLSH) on Thursday announced a corporate banking partnership with Deutsche Bank AG (DBK.DE), thus taking an important step forward in bringing together the traditional mode of finance with the digital asset sector.
As per the terms of the collaboration, Deutsche Bank will provide comprehensive corporate banking services to Bullish, thus paving the way for easy fiat deposits and withdrawals for customers of the Bullish Exchange's Hong Kong SFC- and German BaFin-regulated entities. The integration will also include API-enabled real-time reporting, instant payments, and virtual account solutions to enhance reconciliation efficiency, Bullish added.
According to Bullish, both partners have plans to extend these services to additional markets, including the US, as the digital asset platform expands its global presence.
Commenting on the partnership, Chris Tyrer, President of Bullish Exchange, said, "Partnering with Deutsche Bank marks a significant milestone for Bullish's banking network and offers greater choice to our customers. We are proud to enhance the security and efficiency of our services by providing customers with seamless on-ramp and off-ramp access to Bullish through Deutsche Bank's fiat payment rails."
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