Deutsche Bank to debut crypto custody in Europe — SkimNews
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- Deutsche Bank plans to launch a digital asset custody service for European institutional and corporate clients by end of 2026, subject to completion of applicable regulatory checks.
- The service will initially support a limited selection of digital assets, including bitcoin, ether, and the USDC and EURC stablecoins.
- Gerald Podobnik, Deutsche's co-head of corporate bank, said digital assets are "not a replacement for the traditional financial system but an important complement" and will be developed in line with client demand, regulatory requirements and the bank's risk appetite.
- Deutsche Bank was reported last July to be preparing the service alongside crypto exchange Bitpanda for a 2026 debut.
- Standard Chartered and BBVA already offer regulated cryptocurrency custody in Europe, a group Germany's largest bank is now set to join.
Why it matters: Germany's largest bank entering regulated crypto custody gives European institutions another traditional-finance intermediary for holding bitcoin, ether, and major stablecoins, joining Standard Chartered and BBVA. Podobnik's 'complement, not replacement' framing signals the bank is hedging into the space based on existing client demand rather than betting on crypto-native growth.
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