Germany’s Deutsche Bank targets 2026 launch for crypto custody services
2025-07-01 12:40:23
Main Idea
Deutsche Bank plans to launch a crypto custody service in 2026, partnering with Bitpanda Technology Solutions and Taurus SA, as part of a broader trend of German and European banks expanding into crypto services.
Key Points
1. Deutsche Bank is preparing to launch its crypto custody service in 2026, collaborating with Bitpanda Technology Solutions.
2. The bank is also working with Swiss digital asset firm Taurus SA, which it backed in a $65 million funding round.
3. German bank Sparkassen will roll out cryptocurrency trading for retail customers by summer 2026, reversing its 2023 decision to block such services.
4. Other major European financial institutions are expanding into crypto services, with some securing regulatory licenses for institutional-grade custody of Bitcoin and Ethereum.
Description
Global banking institutions are stepping deeper into crypto, and among them, Germany’s Deutsche Bank is laying out timelines for launching its new services. According to a Tuesday Bloomberg report , the Frankfurt-based institution is gearing up to launch its crypto custody service in 2026. Citing people familiar with the matter, the report stated that Deutsche Bank is working with Bitpanda Technology Solutions, the tech arm of crypto exchange Bitpanda, to build the service. Deutsche Bank’s crypt...
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