Deutsche Bank readies crypto custody service for German clients
Germany's largest lender plans to offer crypto custody to professional clients at home, starting with bitcoin and ether, as part of a wider push to link digital assets to traditional banking.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Deutsche Bank, Germany's biggest lender, is preparing to launch crypto custody services. The offering would initially target professional clients in Germany and cover bitcoin and ether. It is part of a broader effort to connect cryptocurrencies and tokenized assets to established banking infrastructure.
Why it matters
The planned service would bring a major German bank deeper into cryptocurrency, raising the question of whether other large banks will follow.
Timeline
- Oct 16, 10:23 AM ET: Deutsche Bank was reported to be preparing to launch new crypto custody services.
- Oct 17, 10:13 AM ET: Deutsche Bank was reported to be preparing institutional digital asset custody services, initially for professional clients in Germany.
- Oct 17, 10:30 AM ET: Deutsche Bank was reported to be weeks away from holding bitcoin and ether for clients in Germany.
Coverage
- Deutsche Bank Is Weeks From Holding Bitcoin and Ethereum for Clients. Could Other Big Banks Follow? (247wallst.com)
- Deutsche Bank Nears Bitcoin Custody Launch As Crypto Push Expands Beyond Europe (TradingView)
- Deutsche Bank Prepares To Launch Crypto Custody Services (Yahoo News)
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