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Deutsche Bank Awaits Regulatory Nod for Crypto Custody Solutions

Guavy AI Editorial Team
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Deutsche Bank is on the cusp of launching institutional crypto custody solutions in Europe, pending regulatory approval. The German bank plans to support Bitcoin (BTC), Ether (ETH), and select stablecoins, including Circle USDC (USDC), EURC (EURC) and AllUnity EUR (EURAU), with a later expansion to tokenized financial instruments.

The move marks Deutsche Bank's latest push into crypto, following earlier reports of its development of crypto custody services. The bank expects to receive the license for the custody offering in October under the EU's Markets in Crypto Assets (MiCA) framework.

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