"Comdirect has succeeded in significantly bridging crypto investments to retirement plans, something that our clients have longed for a while," the bank said.

German Bank Offering Crypto ETPs to Clients

German direct bank Comdirect AG is now offering 11 cryptocurrency exchange-traded products (ETPs) from 21shares AG. The bank provides online brokerage, banking, and advisory services in Germany.

Announcing that its exclusive partnership with Comdirect was effective Tuesday, 21shares detailed:

In this innovative partnership, 21shares was retained as the sole provider of physically-backed crypto ETPs to the online broker's savings plan program (Spar plan).

The 11 ETPs are currently listed in Germany and are now available on the Comdirect platform at zero commissions, the announcement adds. The ETPs offer investments in bitcoin, ethereum, XRP, bitcoin cash, polkadot, stellar, cardano, solana, and more.

Hany Rashwan, CEO of 21shares, explained that his company was "the first crypto issuer to list a fully collateralized, 100% physically-backed bitcoin ETP on most German exchanges back in 2019."