Deutsche Bank Awaits Regulatory Nod for Institutional Crypto Custody
The bank expects approval in October as it prepares to offer Bitcoin, Ether and stablecoin custody to institutional clients.
- On Wednesday, Deutsche Bank announced plans to launch regulated digital asset custody services for institutional and corporate clients in Europe later this year, pending final regulatory approval.
- Deutsche Bank, a Global Systemically Important Bank, first revealed these plans in 2023 through a partnership with Taurus after applying for its custody license in Germany.
- Initial support includes Bitcoin, Ether, and select stablecoins like Circle USDC, EURC, and AllUnity EUR, with plans to expand into tokenized financial instruments later.
- Spokesperson Heinrich told Cointelegraph the bank expects to receive the license under the MiCA framework in October, following the July 1 enforcement date.
- Other German banks are also offering similar solutions; Landesbank Baden-W started offering crypto custody after partnering with Austria-based Bitpanda in 2024.
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The Frankfurter Geldhaus wants to offer to institutional investors and companies the storage of Bitcoin, Ether and Stablecoins soon – and is therefore later than the competition.
While Washington is bogged down in its crypto regulatory framework and the US Bitcoin ETFs are losing hundreds of millions, Deutsche Bank is advancing. The German bank is announcing a crypto guard service for its institutional customers, scheduled by the end of 2026. Bitcoin, ether, stablecoins, Europe is banking cryptocurrency. The Deutsche Bank article confirms its crypto guard service by the end of 2026 appeared first on Cointribune.
Deutsche Bank prepares the launch of a digital asset custody service for corporate and institutional clients in Europe before the end of 2026, subject to the completion of the regulatory process. Bitcoin, Ether and three digital assets linked to fiduciary currencies will be among the first assets admitted. Deutsche Bank will take a new step in its [...] Deutsche Bank entry will launch Bitcoin and Ether custody for institutional customers in Euro…
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