Deutsche Bank close to debuting crypto custody for institutions

The service will support a select range of cryptocurrencies at debut, including bitcoin and ether and stablecoins like USDC and EURC.

Germany’s largest bank said the service, subject to the completion of applicable regulatory checks, will give European institutional and corporate clients regulated custody of digital assets.

The service will support a select range of cryptocurrencies at debut, including bitcoin BTC$75,881.02 and ether ETH$2,402.38 and stablecoins like USDC and EURC.

“Digital assets are not a replacement for the traditional financial system but an important complement to it,” Deutsche’s co-head of corporate bank, Gerald Podobnik, said in an announcement on Wednesday.

“We see them as new rails that coexist with existing marketing infrastructures. The service will be developed in line with client demand, regulatory requirements and the bank’s risk appetite,” Podobnik added.

As institutions and corporates adopt digital assets, they will likely gravitate toward asset-custody services offered by financial institutions they already rely on for their traditional financial portfolios.

Prominent Europe-based banks such as Standard Chartered and BBVA already offer such services.

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.