Deutsche Bank Rolls Out Crypto Custody for European Institutions

Deutsche Bank is launching a crypto custody service for its European institutional and corporate clients this year. The service will allow clients to hold digital assets in bank-managed wallets without giving up control over their private keys.

The initial support covers five named digital assets: Bitcoin, Ether, and three stablecoins - USDC, EURC, and EURAU. The service targets institutions, not retail customers, and custody includes transfers but not announced trading.

Deutsche Bank will operate the wallets for its clients, managing private keys on their behalf. This removes the need for companies to develop their own custody systems or protect recovery material.