Dekabank, a German investment bank with 377 billion euros ($ 395 billion) in assets under management, introduced Cryptocurrency Trading and Coopolity Services for institutional clients after almost two years of development.

The Frankfurt-based company’s relocation follows the regulatory approval of a crypto parent authority from Federal Financial Supervisory Authority (Bafin) while operating under the supervision of the European Central Bank (ECB), BLOOMBERG reported.

“We have the necessary experience, required licenses and a tested, ready for use infrastructure to support savings banks and our institutional clients,” board member Martin K. Müller told Bloomberg.

Dekabank, the asset manager for the country’s largest group for financial services, Sparkassen-Finanz group, markets its new offer focusing on security and regulatory compliance, according to the report.

Other cryptocurrency offers in the country’s wider savings banking sector have already been introduced. Financial institutions such as Landesbank Baden-Württemberg (LBBW) have collaborated with crypto-platforms such as Bitpanda to allow business customers to buy and sell cryptocurrencies.

Meanwhile, Germany’s cooperative banks, led by DZ Bank, are planning to roll a cryptocurrency offering to private customers in the middle of the year. The initiative is launched together with IT service provider Atruvia and Stuttgart Stock Exchange.

Dekabank had not answered a request for a comment after publication time.