Deutsche Bank prepares to launch crypto custody within weeks
Germany's largest lender is weeks away from launching its first digital asset custody service for institutional and corporate clients, with plans to expand into Asia.
Deutsche Bank is weeks away from rolling out its first cryptocurrency custody platform in Germany, marking the banking giant's official entry into digital asset services, according to a Reuters report. Gerald Podobnik, co-head of the bank's corporate bank, disclosed the rollout during the IMF and World Bank meetings in Bangkok.[2][3]
The custody service is aimed at institutional and corporate clients and will initially support Bitcoin and Ether, alongside stablecoins such as USDC, EURC, and EURAU. Podobnik noted that the service will also incorporate fiat-to-stablecoin conversions, with the rollout contingent on the completion of pending regulatory processes.[2][3]
Deutsche Bank plans to expand the platform to Asian financial hubs after the German launch. The initiative forms part of the lender's broader target to deliver 8% compound annual growth in corporate banking by 2028, with future plans also covering tokenized deposits and the issuance of blockchain-based securities like digital bonds.[1][2][3]
Key facts
- Deutsche Bank is preparing to launch its first digital asset custody service in Germany within weeks, per a Reuters report.
- Corporate banking co-head Gerald Podobnik announced the rollout on the sidelines of the IMF and World Bank meetings in Bangkok.
- The institutional and corporate service will start with Bitcoin, Ether, and stablecoins including USDC, EURC, and EURAU, subject to regulatory completion.
- Deutsche Bank plans to expand its digital asset custody platform into Asian financial centres following the domestic launch.
- The expansion supports Deutsche Bank's strategy to achieve 8% compound annual growth in corporate banking by 2028.
- The bank also intends to offer tokenized deposits and assist clients with issuing blockchain-based securities such as digital bonds.
Sources · 3 sources
- CT
Coin TelegraphArticle ·
Deutsche Bank prepares German crypto custody launch, eyes Asia: Report Germany’s largest bank reportedly plans to expand its digital asset custody services to Asian financial centers due to the growth of the digital asset economy.
Open source - BS
BSCN@BSCNewsPost on X ·
Deutsche Bank is weeks away from holding Bitcoin for clients Deutsche Bank (@DeutscheBank) plans to launch crypto custody in Germany within weeks, its first digital asset service, then take the platform to Asian financial centers next year, co-head of corporate banking Gerald Podobnik said in an interview with Reuters in Bangkok. The service will start with Bitcoin, Ether, and stablecoins, including USDC, EURC and EURAU for institutional and corporate clients. The launch still depends on the regulatory process wrapping up.
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Deutsche Bank Plans Crypto Custody Launch Within Weeks, Eyes Asia Expansion in 2027 According to Reuters, Deutsche Bank, Germany's largest bank, plans to launch cryptocurrency custody services within weeks and expand into Asian financial hubs in 2027. Gerald Podobnik, co-head of its corporate bank, said the service will initially support major cryptocurrencies such as BTC and ETH, with plans to add fiat-to-stablecoin conversion services. The bank also intends to offer tokenized deposits and help clients issue blockchain-based securities, including digital bonds, as part of its broader corporate banking growth strategy.
Open source