Deutsche Bank officially launches cryptocurrency custody service

Deutsche Bank has officially launched a Bitcoin custody service for its clients. The organization manages $2.2 trillion in assets. (The Bitcoin Historian)

Deutsche Bank has officially launched a digital asset custody service for its clients, with assets under management totaling $1.7 trillion.

Deutsche Bank, Germany's largest bank, has officially launched its cryptocurrency custody service. (Watcher.Guru)

Deutsche Bank has begun offering its digital asset custody service to paying customers and has signed a memorandum of understanding with DWS.

Deutsche Bank has officially launched its digital asset custody service for German institutional and corporate clients, supporting assets such as BTC, ETH, and USDC under BaFin and MiCA authorization. The bank employs a multi-layered control mechanism to manage keys and plans to expand to Asia and launch tokenized services in 2027. This service is not available to retail customers, does not offer deposit guarantees, and transaction functionality is yet to be confirmed. This business aligns with Deutsche Bank's target of 8% CAGR for its corporate banking business by 2028.