Deutsche Bank plans to launch a crypto custody service in 2026, enabling its clients to securely store cryptocurrencies such as Bitcoin. This initiative is part of the bank's broader digital asset strategy and involves collaboration with the technology unit of the Austria-based crypto exchange Bitpanda and the Swiss digital asset technology provider, in which Deutsche Bank has invested.
The custody service aims to serve institutional investors, and high-net-worth individuals etc, reflecting Deutsche Bank's recognition of cryptocurrencies as a mainstream asset class requiring robust infrastructure.
This move follows earlier efforts by the bank, including applying for a digital asset custody license in Germany and developing blockchain-based payment solutions like stablecoins and tokenized deposits.
Deutsche Bank's entry into crypto custody comes amid a broader trend of German banks embracing digital assets.
So, Deutsche Bank's launch of crypto custody accounts in 2026 signals a major step by Germany's largest bank into the regulated crypto market, leveraging partnerships with Bitpanda etc to build secure, compliant digital asset services for its clients.
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