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Deutsche Bank Launches Crypto Custody Service, Eyes Expansion Into Payments and Tokenization
Summary
- Deutsche Bank said it has commercialized its cryptocurrency custody service and launched it for paying clients.
- Deutsche Bank said it plans to provide custody services for major cryptocurrencies including Bitcoin (BTC) and Ether (ETH) to institutional and corporate clients in Europe.
- Paul Maley said the bank aims to build an integrated regulated ecosystem supporting custody, tokenization, and payments for digital assets, and to expand its custody business into Asia.
Forecast Trend Report by Period
Deutsche Bank, Germany's largest bank, has launched a cryptocurrency custody service. It plans to offer the service to institutional and corporate clients and later expand into tokenization and payments.
Reuters reported on November 11 that Deutsche Bank began offering the paid crypto custody service to clients that day. In September, the bank announced plans to provide custody for major cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), to institutional and corporate clients in Europe.
Paul Maley, Deutsche Bank's global head of trust and securities services, said the bank's medium-term goal is to build an integrated regulated ecosystem supporting digital-asset custody, tokenization and payments. The bank has also recently signaled plans to expand its custody business into Asia.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul