Deutsche Bank awaits regulatory nod to launch institutional crypto custody solutions
Germany’s largest bank is awaiting regulatory approval to launch institutional custody solutions for Bitcoin, Ether and select stablecoins before expanding into tokenized assets.
Germany’s largest bank is awaiting regulatory approval to launch institutional custody solutions for Bitcoin, Ether and select stablecoins before expanding into tokenized assets.
Germany’s largest bank, Deutsche Bank, is awaiting regulatory approval to launch digital asset custody solutions for institutional clients and corporations in Europe.
Deutsche Bank plans to go live with the offering for its first clients this year, subject to completion of the applicable regulatory timeline, the bank announced on Wednesday.
The development marks the German institution’s latest push into crypto, confirming earlier reports that it was developing crypto custody services. In June, Deutsche Bank’s head of digital assets, Sabih Behzad, revealed that the bank was considering entering the stablecoin market, including issuing its own token.