Hauck Aufhäuser Digital Custody supports KfW as crypto custodian for EUR 100 million blockchain bond

03. July 2024

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Frankfurt am Main 03. July 2024 – KfW will issue its first crypto security under the Electronic Securities Act, amounting to 100 million euros, on the Polygon blockchain on July 4, 2024. Hauck Aufhäuser Digital Custody, a subsidiary of Hauck Aufhäuser Lampe Privatbank, will serve as the crypto custodian for this issuance. The bearer bond has a term of about one year and is one of the first crypto securities from the German banking sector. Investors include DekaBank, LBBW and Union Investment.

"We are proud to have been selected by KfW as a licensed crypto custodian for this groundbreaking transaction,” says Simon Seiter, Head of Digital Assets at Hauck Aufhäuser Lampe. “Hauck Aufhäuser Lampe is leveraging its extensive expertise in digital assets within the institutional sector. The transaction aligns perfectly with our broad experience at the intersection of crypto securities and the secure management of the associated private keys."

Simon Seiter, Head of Digital Assets bei Hauck Aufhäuser Lampe

Hauck Aufhäuser Digital Custody offers regulated custody services for cryptocurrencies, tokens, crypto securities, and fund shares, focusing on the custody of digital assets in structured fund products. The subsidiary has been securing private keys for large depository banks in blockchain securities transactions since 2021.

About Hauck Aufhäuser Lampe Privatbank AG

HAUCK AUFHÄUSER LAMPE can look back on around 230 years of tradition. The company emerged from the merger of three traditional private banks: Georg Hauck & Sohn Bankiers in Frankfurt am Main, founded in 1796, Bankhaus Lampe, founded in Bielefeld in 1852, and Bankhaus H. Aufhäuser, on the market in Munich since 1870. The two banks Georg Hauck and Bankhaus H. Aufhäuser merged in 1998, with Bankhaus Lampe joining in 2021. The bank's Management Board consists of the Chairman of the Management Board Michael Bentlage and the members of the Management Board Oliver Plaack, Madeleine Sander, Dr. Holger Sepp and Gordan Torbica. HAUCK AUFHÄUSER LAMPE sees itself as a traditional yet modern private bank.

The private bank focuses on the four core business areas of private and corporate banking, asset management, asset servicing and investment banking. Its business activities center on comprehensive advice and asset management for private and corporate clients, asset management for institutional investors, comprehensive fund services for financial and real assets in Germany, Luxembourg and Ireland as well as cooperation with independent asset managers. In addition, Hauck Aufhäuser Lampe offers research, sales and trading activities with a specialization in small and mid-cap companies in German-speaking countries as well as individual services for IPOs and capital increases.

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