Deutsche Bank to Launch Digital Asset Custody Service for Institutions
- Deutsche Bank’s digital asset custody service is expected to go live by the end of the year.
- The service will provide regulated custody for European institutional and corporate clients.
- Initially, it will support a select range of cryptocurrencies, including bitcoin, ether, and stablecoins like USDC and EURC.
- Gerald Podobnik, co-head of corporate bank, emphasized that digital assets complement the traditional financial system.
- Other European banks like Standard Chartered and BBVA already offer similar asset-custody services.
The launch of Deutsche Bank’s custody service aligns with growing institutional interest in digital assets, providing a secure option for managing these assets within traditional financial frameworks.
As Deutsche Bank prepares to support bitcoin and ether, this move reflects an increasing trend among major banks to offer crypto custody solutions for institutional clients.
