Deutsche Bank and DWS have signed a memorandum of understanding to explore tokenised money market funds, crypto ETCs and stablecoin custody, settlement, liquidity and distribution. DWS chief product officer Manfred Bauer says DWS plans to launch a tokenised money market fund; its assets under management stood at €1.22tn as of 30 Sept.
The story so far: Deutsche Bank crypto custody launch
Deutsche Bank received BaFin approval under MiCA on 12 Oct and launched crypto custody in Germany for institutional clients, supporting BTC, ETH and stablecoins such as USDC. The service is now open to paying customers, and the bank has signed a memorandum of understanding with DWS to explore tokenised money market…
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Deutsche Bank and DWS to explore tokenised money market funds
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