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Deutsche Bank Nears Crypto Custody Service Debut for Institutional Clients
The bank expects approval in October as it prepares to offer Bitcoin, Ether and stablecoin custody to institutional clients.
- On Wednesday, Deutsche Bank announced plans to launch regulated digital asset custody services for institutional and corporate clients in Europe later this year, pending final regulatory approval.
- Deutsche Bank, a Global Systemically Important Bank, first revealed these plans in 2023 through a partnership with Taurus after applying for its custody license in Germany.
- Initial support includes Bitcoin, Ether, and select stablecoins like Circle USDC, EURC, and AllUnity EUR, with plans to expand into tokenized financial instruments later.
- Spokesperson Heinrich told Cointelegraph the bank expects to receive the license under the MiCA framework in October, following the July 1 enforcement date.
- Other German banks are also offering similar solutions; Landesbank Baden-W started offering crypto custody after partnering with Austria-based Bitpanda in 2024.
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In 2026, Deutsche Bank started a crypto custody for institutional customers in Europe. It began with Bitcoin and Ethereum.
·Berlin, Germany
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The Frankfurter Geldhaus wants to offer to institutional investors and companies the storage of Bitcoin, Ether and Stablecoins soon – and is therefore later than the competition.
·Düsseldorf, Germany
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Total News Sources45
Leaning Left0Leaning Right2Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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