Deutsche Bank expands into crypto custody

Targeting companies and institutional investors across Europe, the service supports digital assets including Bitcoin (BTC), Ethereum (ETH), USDC, EURC, and EURAU. The bank will manage clients' digital wallets and private keys, enabling secure storage of crypto assets and transfers to third parties.

Deutsche Bank's new service represents a significant step in the traditional banking sector's expansion into cryptocurrency markets. Aiming to facilitate institutional investors' access to digital asset infrastructure, the bank will use multi-step authorization mechanisms and offline storage systems to enhance security. Deutsche Bank plans to expand the scope of its services in the coming period and enter Asian markets in 2027.