TLDR
- Deutsche Bank launched crypto custody for institutional and corporate clients on Wednesday.
- Clients can store and transfer Bitcoin, Ether and select stablecoins.
- The bank holds the wallets and private keys for its clients.
- A deal with Deutsche Asset Management will explore tokenized funds and stablecoins.
- Asian expansion is planned for 2027, with no confirmed date.
Deutsche Bank has started offering crypto custody to institutional and corporate clients. The service went live on Wednesday, according to an announcement shared with Cointelegraph. Germany’s largest lender is now accepting paying clients.
LATEST: 🏦 Deutsche Bank has launched its Digital Asset Custody service for corporate and institutional clients in Europe, supporting Bitcoin, ETH, USDC, EURC, and EURAU. pic.twitter.com/lHMVhAbxdE
— CoinMarketCap (@CoinMarketCap) November 11, 2026
Clients can store and transfer Bitcoin, Ether and select stablecoins through the bank. The bank manages their wallets and private keys. This means clients do not have to hold the keys themselves.
Which Stablecoins Are Supported
The stablecoins at launch include Circle’s USDC and EURC. The list also has AllUnity’s EURAU, a euro-based token. Bitcoin was trading near $73,528 and Ether near $2,047 at the time of the announcement.
Deutsche Bank first said on Sept. 16 that it planned to offer the service in Europe. That plan depended on regulatory clearance. The bank’s listing in the European Union’s Markets in Crypto-Assets Regulation register is dated Oct. 12.
The register names Germany’s financial regulator, BaFin, as the bank’s supervisor. The listing covers crypto custody and transfer services. It is the formal record that allows the service to run in the EU.
The bank partnered with crypto infrastructure provider Taurus in 2023. The two companies worked to build the custody service. This came after Deutsche Bank applied for a digital asset custody license in Germany.
Deal With Deutsche Asset Management
Deutsche Bank also signed a memorandum of understanding with Deutsche Asset Management. The asset manager is majority-owned by the bank and was formerly known as DWS. The two sides will explore working together on several digital asset products.
Those areas include tokenized money market funds and crypto exchange-traded commodities. Stablecoins are also on the list. The bank said the agreement covers proposed cooperation in digital finance.
The bank has not shared financial terms for the agreement. It has also not given a schedule for any projects that come from it. The document only outlines areas to study.
Paul Maley, the bank’s global head of trust and securities services, described the longer-term goal. “In the medium term we aim to deliver a fully integrated, regulated ecosystem,” he said. The bank plans to bring custody, tokenization and settlement under regulated operations.
Gerald Podobnik is co-head of Deutsche Bank’s corporate bank. He told Reuters in October that the bank planned to launch in Germany first. He said expansion to Asian financial centers would follow in 2027.
The bank has not confirmed a launch date for Asia. It has also not named which cities it will enter. The Asian plans were announced earlier.
Other firms are also moving on crypto custody. Galaxy Digital applied for a US national trust bank charter. The filing would place part of its business under federal banking oversight.
Chainlink and Anchorage Digital also announced a product called CustodySync. It connects institutional custody assets with decentralized lending markets. The service uses Anchorage’s collateral management systems and Chainlink’s verification and pricing tools.
