Deutsche Bank reportedly intends to debut its crypto custody services in Germany and plans to expand them across Asian financial centers in 2027.

The rapid growth of the digital asset economy, including hundreds of billions of dollars held in stablecoins, is driving the bank’s plans, Gerald Podobnik, co-head of Deutsche Bank’s corporate bank, told Reuters in a Friday report.

Podobnik added that the move is part of Deutsche Bank’s goals to achieve compound annual growth of 8% in corporate banking by 2028.

The bank’s custody service will initially support Bitcoin (BTC), Ether (ETH) and select stablecoins, including Circle USDC (USDC), EURC (EURC) and AllUnity EUR (EURAU), according to a Sept. 16 press release.

A spokesperson for…