Deutsche Bank Goes Live With Crypto Custody After a Five-Year Buildup
Summary
Deutsche Bank has launched its regulated digital-asset custody service for institutional and corporate clients in Europe. It supports Bitcoin, Ether and three stablecoins, with the bank managing wallets and private keys; tokenized financial instruments may be added later. The service uses hardware key protection, multi-person approvals and warm and cold storage. BaFin authorized the offering under the EU’s MiCA framework. Deutsche Bank also agreed with asset manager DWS to explore tokenized money-market funds, crypto exchange-traded commodities and stablecoins, and plans to expand custody into Asia. The bank says custody does not shield clients from price volatility, fraud or failures by other market participants.
