Deutsche Bank has officially launched its digital asset custody service, catering to corporate and institutional clients. The bank manages both wallets and private keys for its users, enabling secure storage and transfer of supported assets.
The service currently supports Bitcoin, Ether, and specific stablecoins, including USDC, EURC, and AllUnity EURAU. This launch follows the bank's registration under the European Union’s Markets in Crypto-Assets Regulation (MiCA) on Oct 12, with Germany’s BaFin serving as the regulator.
The bank is also exploring future collaborations through a memorandum of understanding with Deutsche Asset Management. The focus areas include tokenized money market funds, crypto-based exchange-traded commodities, and stablecoins.
The development of these custody services began in 2023 through a partnership with crypto infrastructure provider Taurus. Following the initial rollout in Germany, the bank plans to expand its digital asset operations to Asian financial centers in 2027.
