Deutsche Bank plans to launch its cryptocurrency custody service in Germany within the next few weeks , targeting companies and institutional investors. The platform will allow clients to store digital assets, manage private keys, and authorize transfers through the bank’s systems.
According to Gerald Podobnik , co-head of Corporate Bank, the service will initially launch in Germany, with the bank planning to expand into Asian financial centers in 2027 .
The initial offering will include Bitcoin, Ethereum, USDC, EURC, and EURAU . Clients will have access to customizable transfer approval controls, multi-factor authentication, and storage in online and offline wallets.
Deutsche Bank also plans to introduce stablecoin on- and off-ramp services, tokenized deposits, and digital bond issuance , although it has not yet announced launch dates for these features.
The launch remains subject to regulatory approval processes and technical readiness. Deutsche Bank has not yet identified its first clients or confirmed an exact launch date. The service will not be available to retail customers .
Source: Reuters
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