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  1. News
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  3. Deutsche Bank to Offer BTC Custody: Here’s What You Need to Know

Deutsche Bank to Offer BTC Custody: Here’s What You Need to Know

Deutsche Bank to offer BTC custody! You can find all the details on this topic via CDS.

Deutsche Bank to Offer BTC Custody Here’s What You Need to Know
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Crypto Is No Longer Niche: Deutsche Bank to Offer BTC Custody!

Crypto Is No Longer Niche: Deutsche Bank to Offer BTC Custody!

According to reports, Deutsche Bank, the largest bank in Germany, intends to let its customers store cryptocurrencies like Bitcoin starting in the upcoming year. According to a Bloomberg story on Tuesday, Deutsche Bank intends to start a digital assets custody service in 2026 in partnership with the technology division of the Bitpanda cryptocurrency exchange, which is situated in Austria.

According to Bloomberg, Taurus, a Swiss technology company funded by Deutsche Bank, will also be involved in the development of the crypto custody service. Since the bank first announced similar goals in 2020, if confirmed, Deutsche Bank’s most recent intentions would be the bank’s most recent attempt to enter the cryptocurrency storage industry.

Deutsche Bank Eyes Stablecoin Market: Could a Euro-Pegged Token Be Next?

A growing interest in cryptocurrencies has been indicated by Deutsche Bank in recent years. In early June, Sabih Behzad, head of digital assets at Deutsche Bank, stated that the firm was thinking about getting involved in the stablecoin market. This might involve joining stablecoin projects or creating its own stablecoin. According to reports, Deutsche Bank is also considering creating its own tokenized deposit system for use in payments.

We can certainly see the momentum of stablecoins along with a regulatory supportive environment, especially in the US. Banks have a wide variety of options available to engage in the stablecoin industry — everything from acting as a reserve manager, through to issuing their own stablecoin, either alone or in a consortium. Behzad

Deutsche Bank Expands Crypto Push with Bitpanda and Taurus Partnerships

Deutsche Bank announced in 2023 that it would soon begin offering crypto custody solutions in collaboration with Taurus, after its application for a digital asset custody license in Germany. Since at least June 2024, Deutsche Bank has also collaborated with Bitpanda to enhance cryptocurrency payments at the exchange.

For more up-to-date crypto news, you can follow Crypto Data Space.

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Deutsche Bank to Offer BTC Custody: Here’s What You Need to Know
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