Deutsche Bank to launch crypto custody platform in 2026, says report
Main Idea
Deutsche Bank plans to launch a digital asset custody platform in 2026, offering secure storage for cryptocurrencies like Bitcoin and Ethereum, in collaboration with Bitpanda Technology Solutions and Taurus SA.
Key Points
1. The custody platform will provide secure storage for assets such as Bitcoin and Ethereum.
2. Deutsche Bank is collaborating with Bitpanda Technology Solutions and Taurus SA for the initiative.
3. The bank has previously invested $65 million in Taurus SA in 2023.
4. Deutsche Bank is also exploring other crypto-related services, including stablecoins and asset tokenization.
5. The bank is part of Project Guardian, an asset tokenization initiative led by the Monetary Authority of Singapore.
Description
German banking giant Deutsche is venturing deeper into the crypto and plans to offer cryptocurrency custody services, according to a recent report. Deutsche Bank, Germany’s largest lender by assets, is reportedly preparing to launch a digital asset custody platform in 2026. The offering is being developed in collaboration with Bitpanda Technology Solutions, the technology unit of Austria-based crypto exchange Bitpanda. Other firms involved in the initiative include Swiss digital asset infrastruc...
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