Deutsche Bank, a German multinational investment company, has announced plans to launch its cryptocurrency custody service in 2026 with the help of Austrian exchange Bitpanda.
Collaboration with Bitpanda
According to a Bloomberg report, Deutsche Bank will partner with Bitpanda to develop a digital asset storage system. This collaboration aims to provide safe storage and management for institutional clients' assets.
Launch of Custody Service
The custody service will meet Germany's strict regulatory standards, ensuring a high level of security and transparency. Deutsche Bank's long-time partner, Taurus, will also be involved in developing the custody platform.
Expanding Influence in the Crypto Market
Deutsche Bank is actively forging strategic partnerships in the crypto sector, including collaboration with Keyrock to enhance its global services. The bank also advocates the use of blockchain technology to address financial sector challenges.
The launch of Deutsche Bank's cryptocurrency custody service will underscore its ambition to expand its influence in the digital asset market, amid a growing need for regulated crypto services in Europe.
