Deutsche Bank close to debuting crypto custody for institutions
The service will support a select range of cryptocurrencies at debut, including bitcoin and ether and stablecoins like USDC and EURC.
By Jamie Crawley|Edited by Omkar Godbole
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- Deutsche Bank plans to launch a digital asset custody service for European institutional and corporate clients by the end of 2026, subject to regulatory checks. - The service will initially support a limited selection of digital assets, including bitcoin, ether and the USDC and EURC stablecoins. - The bank joins European rivals including Standard Chartered and BBVA in offering regulated cryptocurrency custody as institutional demand grows.
Deutsche Bank’s (DB) digital asset custody service is set to go live by the end of the year.
Germany’s largest bank said the service, subject to the completion of applicable regulatory checks, will give European institutional and corporate clients regulated custody of digital assets.
The service will support a select range of cryptocurrencies at debut, including bitcoin BTC$75,587.48
and ether ETH$2,397.78
and stablecoins like USDC and EURC.
“Digital assets are not a replacement for the traditional financial system but an important complement to it,” Deutsche’s co-head of corporate bank, Gerald Podobnik, said in an announcement on Wednesday.
“We see them as new rails that coexist with existing marketing infrastructures. The service will be developed in line with client demand, regulatory requirements and the bank’s risk appetite,” Podobnik added.
Deutsche Bank was reported to be preparing a crypto custody service alongside exchange Bitpanda for debut sometime in 2026 last July.
As institutions and corporates adopt digital assets, they will likely gravitate toward asset-custody services offered by financial institutions they already rely on for their traditional financial portfolios.
Prominent Europe-based banks such as Standard Chartered and BBVA already offer such services.
Deutsche BankCustody
Ethereum$2,420.612.23%
Bitcoin$75,587.481.79%
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Live updates: Bitcoin holds near $76,000 as spot ETFs outflows surged alongside Clarity Act failure
Circle debuts Arc blockchain which Jeremy Allaire calls ‘more consequential’ than USDC
Two Robinhood engineers charged with insider trading using Hyperliquid perpetuals
Bitcoin loses touch with the Dollar Index, U.S. stocks ahead of the Fed
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Two Prime makes onchain finance push with $10 million-backed bitcoin yield vault
