Deutsche Bank explores blockchain opportunity

Alternative avenues: The Deutsche Bank office building in Singapore. The German lender is testing a platform based on the ethereum network, looking for an opportunity to respond to the margin compression across financial services. — Bloomberg

SINGAPORE: The blockchain technology underlying the digital asset sector provides an opportunity for banks to respond to the margin compression across financial services, according to Deutsche Bank AG.

The German lender recently began testing a platform based on the ethereum network, crypto’s key commercial highway.