Deutsche Bank crypto custody to launch in Germany and reach Asia by 2027
Deutsche Bank reportedly plans to start crypto custody in Germany and expand into Asian financial centres in 2027, with regulatory approval expected under MiCA.
Key points
- Deutsche Bank reportedly plans to launch crypto custody in Germany and expand to Asian financial centres in 2027.
- Gerald Podobnik, co-head of the corporate bank, told Reuters the plans support 8% compound annual growth in corporate banking by 2028.
- The service will initially support Bitcoin, Ether and stablecoins including USDC, EURC and EURAU, per a 16 Sept press release.
Deutsche Bank crypto custody is set to begin in Germany, with the bank reportedly planning to extend the service to Asian financial centres in 2027, Cointelegraph reports.
Podobnik said the expansion forms part of Deutsche Bank's target of 8% compound annual growth in corporate banking by 2028. The custody offering will initially support Bitcoin, Ether and selected stablecoins, including Circle's USDC, EURC and AllUnity EUR, according to a 16 Sept press release.
A Deutsche Bank spokesperson recently told Cointelegraph that the bank expects regulatory approval for the custody service in October under the Markets in Crypto-Assets Regulations.
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