Deutsche Bank launches crypto custody for firms and institutions
In short
Deutsche Bank has started crypto custody services for companies and institutions.
Clients can store and transfer Bitcoin, Ether and some stablecoins, while the bank manages their wallets and private keys. This gives institutional users a new way to hold digital assets with a big bank.
What the reporting says
Deutsche Bank has launched crypto custody services for companies and institutions, allowing clients to store and transfer Bitcoin, Ether and select stablecoins. The bank will manage wallets and private keys for the service.
Why it matters
Deutsche Bank has introduced crypto custody services for companies and institutions, covering Bitcoin, Ether and selected stablecoins. The bank will manage clients’ wallets and private keys, which positions it as a custodian for digital assets rather than a trading venue. The move is relevant to institutional crypto adoption, banking services, and the custody market.