Deutsche Bank Nears Launch of Institutional Bitcoin, Ether Custody

The banking giant stressed that this move is part of a strategy to achieve an 8% compound annual growth rate in its corporate banking services by 2028. Deutsche Bank co-head Gerald Podobnik said these services will complement the bank’s traditional offerings. Deutsche Bank, one of the world’s largest banks, is preparing to launch a cryptocurrency custody suite in Germany. The organization, which holds over $2.2 trillion in assets and operates in 58 countries, revealed that it is weeks away from launching a crypto custody service in Germany, enabling customers to safeguard their digital assets with a regulated lender. Gerald Podobnik, co-head of Deutsche Bank , stressed that this was part of the bank’s strategy to tap into the new digital economy sources and achieve a compound annual growth of 8%…

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