Deutsche Bank awaits regulatory nod to launch institutional crypto custody solutions
Summary
Deutsche Bank is awaiting regulatory approval to launch digital asset custody services for institutional clients and corporations in Europe, with a planned rollout for first clients this year. Initial support will include Bitcoin, Ether, and selected stablecoins such as USDC, EURC, and EURAU, with tokenized financial instruments added later. The bank expects a license in October under the EU’s MiCA framework. This marks a further move into crypto after earlier custody plans with Taurus and interest in stablecoins, including a possible proprietary token. The shift comes as MiCA’s full enforcement is expected to accelerate crypto offerings among German banks.
