Deutsche Bank said its Digital Asset Custody service is live for paying institutional and corporate clients in Europe. It supports custody and transfers of Bitcoin, Ethereum, USDC, EURC and EURAU, but does not yet cover tokenized financial instruments. The bank cautioned that the service does not protect clients from changes in asset values, fraud or failures by other market participants.
The bank also signed a memorandum of understanding with Deutsche Asset Management to explore tokenized money market funds, crypto exchange-traded commodities and stablecoins. It said it plans to expand the custody service to Asia.
