Deutsche Bank Nears Bitcoin Custody Launch As Crypto Push Expands Beyond Europe
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TL;DR: Deutsche Bank is preparing to introduce institutional digital asset custody services, initially targeting professional clients in Germany. The planned platform is part of a wider effort to connect cryptocurrencies and tokenized assets to established banking infrastructure. Deutsche Bank is nearing the commercial launch of its institutional cryptocurrency custody business, another sign that major European lenders increasingly regard digital assets as part of mainstream financial services. Comments reported on October 16 indicated that the German banking giant expects to begin serving institutional customers within weeks. Its offering is intended to support assets including Bitcoin and Ethereum, using technology developed with Swiss digital asset infrastructure company Taurus. This is not a new retail cryptocurrency trading app. The initial market consists of businesses and professional investors with demanding custody and compliance requirements.
First reported by NewsBTC. This page is a short excerpt; the full text is theirs.
