German lender Deutsche Bank (NYSE: $DB) has officially launched its cryptocurrency custody service for institutional and corporate clients in Europe.

The new service allows customers to store and transfer Bitcoin (CRYPTO: $BTC), Ethereum (CRYPTO: $ETH) and an assortment of stablecoins through the German bank.

Deutsche Bank said in a statement that its service is now live and operational, giving it the ability to manage digital wallets and private keys on behalf of its large corporate clients that include asset managers, hedge funds, and sovereign wealth funds.

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