Deutsche Bank: Plans to launch institutional-grade crypto custody, initially targeting professional clients in Germany

Deutsche Bank is nearing the launch of institutional-grade cryptocurrency custody services, expected to begin serving institutional clients within weeks, initially targeting German companies and professional investors, supporting assets such as Bitcoin and Ethereum, with technology co-developed by Swiss digital asset infrastructure company Taurus.

This service is not aimed at retail cryptocurrency trading applications, and the related plans still require regulatory approval. Deutsche Bank has also discussed the possibility of tokenized deposits, digital securities, and expanding to Asian financial centers by 2027.