Deutsche Bank plans crypto custody launch in Germany and Asian expansion

Deutsche Bank expects to begin offering digital asset custody services to institutional and corporate clients within weeks. The Market Periodical, Bitcoin News, 24/7 Wall St., NewsCord, TradingView, BigGo Finance, bloomingbit, and Cryptonews.net reported that Germany's largest lender will launch the platform in Germany, initially supporting Bitcoin and Ethereum. As FTMQ Crypto reported earlier, the bank plans to introduce these services in the coming weeks. [1][4][5][6][8][9][10][11][12][15]

Gerald Podobnik, co-head of corporate banking at Deutsche Bank, outlined the rollout schedule on October 16 during meetings in Bangkok. The Market Periodical reported that the lender plans to extend its cryptocurrency custody platform to Asian financial centers in 2027. [1][8][10][11][12][15]

Following the launch of cryptocurrency custody, Deutsche Bank intends to introduce additional digital asset offerings. According to The Market Periodical, the bank plans to offer stablecoin services, tokenized deposits, and blockchain-based securities. [1]

Bitcoin was invented in 2008 as a decentralized cryptocurrency. Under the planned arrangement, institutional and corporate customers will hold digital assets directly through the bank. [1][14]