Solaris Digital Assets, Bitwala to collaborate on digital asset custody solution

Tuesday 17 November 2020 14:18 CET | News

Germany-based Solaris Digital Assets has partnered with crypto-banking company Bitwala, to collaborate on a digital asset custody solution.

Bitwala has selected Solarisbank’ subsidiary’s Banking-as-a-Service platform to tap into services such as digital bank accounts, cards and KYC, custody of digital assets, and more.

Bitwala customers in Europe will be able to store both Bitcoin (BTC) and Ether (ETH) on the Solaris Digital Assets Platform. The new joint service, that will be accessible from January 2021, builds on the existing cooperation between Bitwala and Solarisbank. Since September 2018, Bitwala has leveraged the Banking-as-a-Service platform of Solarisbank to offer its customer base digital bank accounts and debit cards.

In the new wallet set up, the so-called ‘private keys’ of Bitwala's customers, which grant access to the digital assets on the blockchain, are generated and managed by Solaris Digital Assets in its infrastructure. New Bitwala customers no longer need to generate a wallet themselves. They will instantly have a crypto wallet in the app for a seamless customer experience.

If you are interested to find out more about Bitwala, you can check out our interview with Bitwala’s CEO Jörg von Minckwitz here:

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Keywords: Solarisbank, Solaris Digital Assets, Bitwala, digital assets, banking-as-a-service, BaaS, digital bank, Bitcoin, Ethereum
Categories: DeFi & Crypto & Web3
Countries: Germany
This article is part of category

DeFi & Crypto & Web3