Cryptoupdated 2h ago2 min read
Deutsche Bank Launches Crypto Custody in Germany, Targets Asia Expansion in 2027
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Deutsche Bank to launch crypto custody in Germany within weeks, covering BTC and ETH The service will manage clients’ wallets and private keys, supporting USDC, EURC, EURAU
9 outlets told this the same way.
Germany launch, Asia follow
Deutsche Bank plans to bring its crypto custody service to Asia in 2027 and launch it in Germany within weeks, with the service initially supporting bitcoin, ether, and stablecoins including USDC, EURC and EURAU. Gerald Podobnik, co-head of Deutsche Bank’s corporate bank, told Reuters that the bank’s custody service will manage clients’ wallets and private keys as it holds and transfers cryptocurrencies for corporate and institutional clients.
Deutsche Bank said in September that its initial offering would support bitcoin, ether and stablecoins including USDC, EURC and EURAU, and the German launch remains subject to regulatory approval. The European Securities and Markets Authority’s interim register showed that BaFin granted authorization under the EU’s Markets in Crypto-Assets (MiCA) rules on October 12, according to the Reuters-cited account.
What the service will do
Deutsche Bank’s phased rollout starts with custody for bitcoin and ether, and it later plans stablecoin conversion, tokenized deposits, and services that help clients issue digital bonds and other blockchain-based securities. Gerald Podobnik said, "I believe that, as the financial system, we will need to offer tokenised or blockchain solutions to our clients as additional services alongside our traditional ones ... but not necessarily to replace what we are doing today," framing the move as an add-on rather than a swap.
The bank’s custody offering is described as covering major cryptocurrencies for institutional and corporate clients, not retail customers, with the bank handling the technology needed to keep assets secure. The Reuters-cited account also said it was unclear which Asian financial services Deutsche Bank will target first as the Asia rollout extends the custody service beyond Europe.
Regulatory and competitive context
Deutsche Bank’s German crypto custody launch remains conditional on regulatory completion and technical readiness, and the Reuters-cited accounts tie the timing to MiCA authorization and approval processes. The European Securities and Markets Authority’s interim register showed that BaFin authorized Deutsche Bank under MiCA on October 12, and the Reuters-cited account said go-live for the first clients depends on completing the applicable regulatory process.
CoinMarketCap’s account placed the Deutsche Bank move alongside other bank crypto expansions, including Standard Chartered’s digital asset custody in Singapore and its launch of Bitcoin and Ethereum trading for affluent clients in the United Arab Emirates. Podobnik also said in the September release that "Digital assets are not a replacement for the traditional financial system but an important complement to it," as Deutsche Bank positions custody and later tokenized services as part of its corporate bank growth plan.