Deutsche Bank has launched its crypto custody service for paying institutional and corporate clients in Europe. The service supports five digital assets, and the bank plans to expand into Asia in 2027.
Deutsche Bank has launched its cryptocurrency custody service for paying institutional and corporate clients in Europe. Customers can store and transfer Bitcoin, Ethereum and selected stablecoins through the German banking group.
The offering covers five assets: Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), EURC and EURAU. Deutsche Bank manages digital wallets and private keys on behalf of clients.
Regulatory registration precedes the launch
The launch follows the bank's October 12 registration under the European Union's Markets in Crypto-Assets Regulation, known as MiCA. Germany's financial regulator, BaFin, recorded the bank's permission to provide crypto asset custody and transfer services.
Retail customers are not included in the initial service. The bank has not publicly identified its first customers or disclosed the fees it charges for holding digital assets.
Maley outlines a broader ecosystem
Paul Maley, Deutsche Bank's global head of trust and securities services, said the bank intends to expand beyond custody. According to Maley: "In the medium term we aim to deliver a fully integrated, regulated ecosystem"
Beyond Europe, the bank plans to bring the service to major Asian financial centers in 2027. The planned rollout includes services for exchanging traditional currencies into stablecoins, tokenized deposits and support for issuing digital bonds.
Asset management unit joins the effort
On November 11, the bank announced a memorandum of understanding with Deutsche Asset Management, formerly known as DWS, to explore commercial and technical cooperation involving digital assets. Deutsche Bank has not disclosed financial terms or a launch schedule for projects under that agreement.
Sources: crypto.news, CoinGape
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