Deutsche Bank is preparing to roll out a crypto asset custody service in Germany within weeks, according to Odaily. The offering is designed for corporate and institutional clients and will allow them to hold and transfer Bitcoin, Ethereum, and stablecoins including USDC, EURC, and EURAU. The bank will handle wallet infrastructure, private keys, and related security technology as part of the service.
The Germany launch still requires regulatory approval. BaFin granted the bank relevant authorization on Oct. 12 under the Markets in Crypto-Assets framework, or MiCA. Deutsche Bank also plans to expand the custody business into Asia in 2027, though it has not disclosed which market it intends to enter first. The update points to a phased rollout, with Germany set to come first and Asia remaining a later-stage target.
Deutsche Bank plans to launch a crypto asset custody service in Germany within weeks, according to Odaily. The service will let corporate and institutional clients hold and transfer Bitcoin, Ethereum, and stablecoins including USDC, EURC, and EURAU, while the bank manages wallet infrastructure, private keys, and related security technology.
The Germany rollout still needs regulatory approval. BaFin granted the bank relevant authorization on Oct. 12 under the Markets in Crypto-Assets framework, or MiCA.
Deutsche Bank also plans to expand the service into Asia in 2027, but it has not disclosed its preferred destination in the region.
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