Germany’s Deutsche Bank has announced plans to launch a digital asset custody service by 2026, focusing on institutional clients.
Deutsche Bank's Approach to Crypto
Deutsche Bank, Germany's largest bank, is set to launch a digital asset custody service by 2026, targeting institutional clients such as corporate and fund investors. The bank has partnered with Bitpanda Technology Solutions and Swiss crypto infrastructure provider Taurus to develop a secure and compliant platform for digital asset custody. This marks a significant step following the bank's initial announcements in 2022, showcasing a commitment to entering the digital assets space securely and in a regulated manner.
Exploring Tokenization and Blockchain Integration
Deutsche Bank is also exploring tokenized deposits and stablecoin issuance, as well as blockchain technology integration. Projects include development on Layer-2 Ethereum networks such as zkSync and experimentation with Solana-based tokenization platforms. These innovations may lead to programmable assets and efficient transaction systems tailored for large-scale institutional use.
Partnerships and Development Strategy
The 2026 launch timeline allows Deutsche Bank ample time to fine-tune its infrastructure and regulatory compliance processes, especially in light of increasing scrutiny and global crypto regulations.
Deutsche Bank is actively looking to provide secure storage and management of digital assets, underscoring its commitment to adhering to strict regulatory standards amidst growing interest from institutional investors.
