Deutsche Bank Reportedly Plans Crypto Custody Service

Deutsche Bank is reportedly planning to debut its cryptocurrency custody service in 2026.

The banking giant recruited the technology division of crypto exchange Bitpanda to help develop the offering, Bloomberg reported Tuesday (July 1), citing unnamed sources.

Deutsche Bank’s corporate bank, which first announced its custody plans in 2022, will also continue to work with Swiss tech company Taurus on the service, the report said.

The custody project is happening as big banks are upping their focus on digital assets, bolstered by new European regulations and a more pro-crypto environment in the United States, according to the report.

Last month, Deutsche Bank was considering expanding its efforts in the digital asset industry amid…

Source link