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Deutsche Bank Crypto Custody Service Launches

The service supports bitcoin, ether, and three stablecoins, and it has secured regulatory approval from Germany's financial supervisor, BaFin, on November 11.

Reported · Written up by our desk · Altcoins

Deutsche Bank has launched a European digital-asset custody service for paying clients, supporting bitcoin, ether, and three stablecoins, including USDC, EURC, and EURAU.

The offering targets institutional and corporate clients in Europe, covering companies, asset managers, hedge funds, custodians, brokers, and sovereign institutions, but it is not a retail service.

Clients can hold and transfer assets while the bank manages wallets and private keys, with the product site noting availability in Germany and cross-border service subject to regulations.

The service is narrower than broader plans, with custody preceding services for converting assets into and out of mainstream stablecoins under the EU's Markets in Crypto-Assets Regulation.

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