Deutsche Bank to Establish Bitcoin and Crypto Custody Service
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- Deutsche Bank is building a digital asset custody platform, set for launch in 2026.
- The bank is partnering with Bitpanda and Swiss-based Taurus SA.
- The plan aligns with the growing institutional interest and evolving crypto regulations.
Germany’s Deutsche Bank AG is preparing to establish its crypto asset custody service in 2026, according to Bloomberg. The service will provide secure storage for cryptocurrencies, such as Bitcoin, and other tokenized assets. It marks a significant step in the bank’s broader digital asset strategy, first announced in 2022.
In preparation, the German bank has selected Bitpanda Technology Solutions, the infrastructure arm of Austrian crypto exchange Bitpanda, to assist in building the custody platform.
Related: Deutsche Bank and Standard Chartered Expand Into U.S. Crypto Market
The bank will also continue its partnership with Taurus SA, a Swiss digital asset infrastructure provider that it previously backed in a $65 million funding round in 2023.
Partnerships Signal Strategic Expansion
Both Bitpanda Technology Solutions and Taurus bring specialized expertise in digital asset custody and tokenization. The custody s…
The post Deutsche Bank to Establish Bitcoin and Crypto Custody Service appeared first on Coin Edition.
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