Table of Contents

What just happened: Deutsche Bank edges closer to crypto custody

On October 19, 2026, Deutsche Bank confirmed it will launch its digital asset custody service in Germany “within weeks,” with a planned Asia expansion targeted for 2027, according to a Reuters report cited by CoinDesk. The service — first flagged in the bank’s own September 2026 announcement — will initially support bitcoin, ether, and the stablecoins USDC, EURC, and EURAU, with Deutsche Bank managing clients’ wallets and private keys directly.

The bank’s corporate bank co-head told Reuters that the custody launch is part of a broader digital asset push tied to roughly 8% annual revenue growth by 2028. Beyond custody, Deutsche Bank intends to offer…