Deutsche Bank, one of Europe's leading banks, has announced plans to launch cryptocurrency custody services in 2026. This move is driven by increasing institutional interest in digital assets.
Deutsche Bank and Bitpanda Collaboration
According to a Bloomberg report, Deutsche Bank is set to roll out a digital assets custody service in partnership with Austria-based Bitpanda crypto exchange. This initiative will allow the bank’s clients to store various cryptocurrencies, including Bitcoin.
Deutsche Bank's Crypto Plans
Deutsche Bank has been pursuing the possibility of offering custody and trading services for cryptocurrencies since 2020 and applied for a digital asset custody license from Germany’s Federal Financial Supervisory Authority in 2023. Bitcoin is expected to be one of the first cryptocurrencies available for custody.
Prospects for Stablecoins and Asset Tokenization
The bank is also exploring opportunities in the stablecoin market. Deutsche Bank’s head of digital assets, Sabih Behzad, indicated that banks have various options to engage in this sector, including issuing their own tokens. Additionally, Deutsche Bank has partnered with the Monetary Authority of Singapore to develop a blockchain-based platform.
Thus, Deutsche Bank is moving towards integration with the cryptocurrency sector, reflecting the growing interest in digital assets and the evolving financial landscape globally.
