Deutsche Bank to roll out its first digital asset service within weeks

Deutsche Bank is preparing to launch its first digital asset service within weeks, according to Reuters, citing Gerald Podobnik, co-head of the bank’s corporate banking division. The initial rollout will start in Germany with crypto custody for major cryptocurrencies including Bitcoin and Ethereum. Podobnik said the custody platform is set to expand to Asian financial centers next year. The bank plans to introduce the offering in stages rather than all at once. After the first phase of custody services, Deutsche Bank intends to add acceptance services for major stablecoins. It is also planning tokenized deposits and support for clients seeking to issue digital bonds and other blockchain-based securities. The move outlines a broader push by the bank into institutional digital asset infrastructure, beginning with custody and extending into tokenized financial products.