Key points
- Deutsche Bank plans to launch a regulated digital-asset custody service for institutional and corporate clients in Europe.
- The initial offering will support Bitcoin, Ether, USDC, EURC and EURAU.
- The service will manage clients' digital wallets and private keys, reducing their need for independent custody infrastructure.
Deutsche Bank AG (XETRA:DBK) plans to launch regulated digital-asset custody for European institutional and corporate clients this year.
The service targets companies, asset managers, hedge funds, custodians and brokers, subject to regulatory approval.
“The service will be further developed in line with client demand,” Deutsche Bank Co-Head Corporate Bank Gerald Podobnik said in a statement.
Clients will store digital assets and transfer them to third parties without independently managing wallets or private keys.
The initial offering includes Bitcoin (BTC), Ether (ETH), USDC, EURC and EURAU, alongside selected digital assets.
Security measures include hardware-protected private keys, multi-person approvals, separate warm and cold storage, and recovery arrangements.
Deutsche Bank will use external technology providers for selected components, while future expansion depends on regulatory approval and client demand.
The planned service extends regulated banking infrastructure into digital-asset custody, targeting professional investors rather than retail customers.
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