Deutsche Bank plans to launch a cryptocurrency custody service within the next few weeks, with initial support for Bitcoin and Ethereum

Deutsche Bank plans to launch a cryptocurrency custody service for German institutional clients within a few weeks, initially supporting Bitcoin and Ethereum, with technology jointly developed by Taurus. This service aims to meet asset isolation, operational control, reporting, insurance arrangements, and regulatory requirements, and is not intended for retail users. Deutsche Bank has discussed plans to tokenize deposits, digital securities, and expand to Asian financial centers by 2027, and relevant progress requires regulatory approval. (Source: NewsBTC)