Deutsche Bank close to debuting crypto custody for institutions
Deutsche Bank is preparing to launch a regulated digital asset custody service for European institutional and corporate clients. The service will support major cryptocurrencies and stablecoins, positioning the bank to capture demand for institutional-grade crypto infrastructure.
Why it matters
The entry of major traditional banks into crypto custody validates digital assets as a legitimate asset class for institutional portfolios.
Germany’s largest bank said the service, subject to the completion of applicable regulatory checks, will give European institutional and corporate clients regulated custody of digital assets.
The service will support a select range of cryptocurrencies at debut, including bitcoin BTC $75,881.02 and ether ETH $2,402.38 and stablecoins like USDC and EURC.
“Digital assets are not a replacement for the traditional financial system but an important complement to it,” Deutsche’s co-head of corporate bank, Gerald Podobnik, said in an announcement on Wednesday.
“We see them as new rails that coexist with existing marketing infrastructures. The service will be developed in line with client demand, regulatory requirements and the bank’s risk appetite,” Podobnik added.
Deutsche Bank was reported to be preparing a crypto custody service alongside exchange Bitpanda for debut sometime in 2026 last July.
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