Deutsche Bank plans to launch cryptocurrency custody services within weeks, starting with Bitcoin (BTC) and Ethereum (ETH), as Germany’s largest bank expands its digital asset business.
With this launch, the bank plans to enter Asian financial hubs in 2027 and add services such as stablecoin transfers and tokenized deposits.
During the IMF and World Bank meetings in Bangkok, Gerald Podobnik, co-head of Deutsche Bank’s corporate bank, confirmed the launch.
However, the initial service will allow institutional clients, including asset managers, hedge funds and companies, to hold Bitcoin and Ethereum through the bank.
Deutsche Bank is working with Taurus, a Swiss digital asset technology firm, to support its custody services. The bank led a $65 million funding round for Taurus in 2023 and has since worked to integrate its technology into its digital asset plans.
The service is expected to provide institutions with a bank-backed option for holding crypto assets, rather than relying entirely on external exchanges.
Deutsche Bank also plans to expand beyond crypto custody. Future services could include fiat-to-stablecoin conversion services and tokenized deposits. The bank also aims to help corporate clients issue blockchain-based securities, including digital bonds.
These services would connect traditional banking operations with blockchain technology and give institutional clients more ways to manage digital assets.
Podobnik sees digital assets as part of the corporate bank’s growth strategy, which aims for 8% growth by 2028.
After launching its custody service in Germany, Deutsche Bank plans to expand into Asian financial centers in 2027, with Singapore and Hong Kong among its target markets.
The expansion would allow the bank to build on its existing corporate banking presence in the region. It also reflects its plans to offer more digital asset services as financial institutions explore crypto custody, stablecoins and tokenized securities.
However, the timing and range of services will depend on regulatory requirements and the bank’s rollout plans.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Shares of Strategy, the largest corporate holder of Bitcoin, fell 4% after index provider MSCI…
David Schwartz, one of the original architects of the XRP Ledger, says the network’s long-term…
Story Highlights The current price of Verasity is . The VRA price could reach a…
The global space economy is entering a new era and Space Exploration Technologies Corp. (NASDAQ:…
James Thorne has seen this trade before, and he believes it is about to happen…
The top 10 XRP wallets hold around 11% of the cryptocurrency’s total supply, while the…
