Switch to seedless. Get 30% off with SWITCH30 till Oct 19Deutsche Bank to launch crypto custody service
4.4 Banking Deutsche Bank will soon offer crypto custody for businesses in Germany, covering Bitcoin, Ethereum, and stablecoins. Expansion to Asia is planned by 2027.
Deutsche Bank is set to launch its first cryptocurrency custody service in Germany in the coming weeks, focusing on businesses and institutional clients. This new offering will provide secure management of digital wallets and private keys for assets such as Bitcoin, Ethereum, and stablecoins including USDC, EURC, and EURAU. The bank has already received approval from Germany’s Federal Financial Supervisory Authority and is awaiting the completion of the European regulatory process. As part of its digital asset growth strategy, Deutsche Bank aims to support the ongoing transformation of the financial sector. Looking ahead, the bank plans to expand its crypto custody services to major Asian financial centers by 2027. Additional features, such as fund conversion into stablecoins and support for digital securities issuance, are also under consideration for future development.
