Deutsche Bank Enters Crypto Custody Market with MiCA License

Deutsche Bank has secured an institutional crypto custody license under MiCA in October. The bank expects to initially support assets such as Bitcoin, Ethereum, and USDC. This marks Deutsche Bank's accelerated expansion into digital assets.

The move is part of the global financial institution's efforts to adapt to the growing demand for digital currencies and blockchain-based solutions. By obtaining this license, Deutsche Bank aims to provide its clients with a secure and compliant way to store their cryptocurrencies.