Is Scalable a bank now?

Yes, Scalable Capital Bank GmbH has received permission from the European Central Bank (ECB) to conduct deposit and lending business. This makes Scalable Capital a CRR credit institution (full bank) supervised by the German Federal Financial Supervisory Authority (BaFin) and the Deutsche Bundesbank. The banking licence enables Scalable Capital to provide all investment and banking services from a single source: alongside responsibility for account management, trading, clearing, settlement, and custody, Scalable Capital will now also accept client funds as deposits and conduct lending business.