Deutsche Bank (DB) plans to bring its crypto custody service to Asia in 2027, extending its push into digital assets as it prepares to launch the service in Germany within weeks.
The German banking giant, Reuters reported citing the firm’s co-head, also plans to offer stablecoin conversion, tokenized deposits and services that help clients issue digital bonds and other blockchain-based securities.
The move could give institutional clients in Asia access to crypto services through an established global bank, without having to manage their own crypto wallets or private keys. It’s unclear which Asian financial services it will target first.
Deutsche Bank’s custody service will allow corporate and institutional clients to hold and transfer cryptocurrencies, with the bank handling the technology needed to keep the assets secure.
The bank said in September that its initial offering would support bitcoin, ether and stablecoins including USDC, EURC and EURAU. The German launch remains subject to regulatory approval.
The bank received authorization from Germany’s financial regulator, BaFin, under the EU’s Markets in Crypto-Assets (MiCA) rules on October 12, according to the European Securities and Markets Authority’s interim register.
