Deutsche Bank close to debuting crypto custody for institutions
The service will support a select range of cryptocurrencies at debut, including bitcoin and ether and stablecoins like USDC and EURC.
Germany’s largest bank said the service, subject to the completion of applicable regulatory checks, will give European institutional and corporate clients regulated custody of digital assets.
“Digital assets are not a replacement for the traditional financial system but an important complement to it,” Deutsche’s co-head of corporate bank, Gerald Podobnik, said in an announcement on Wednesday.
“We see them as new rails that coexist with existing marketing infrastructures. The service will be developed in line with client demand, regulatory requirements and the bank’s risk appetite,” Podobnik added.
Deutsche Bank was reported to be preparing a crypto custody service alongside exchange Bitpanda for debut sometime in 2026 last July.