Deutsche Bank is weeks from crypto custody. What will clients get on day one?

Deutsche Bank says its first institutional digital asset service is weeks away. Its own product material already lists Bitcoin, Ether and three stablecoins, but its executive described a rollout beginning with major cryptocurrencies before adding ways to move into and out of stablecoins. The difference between a supported asset, a custody account ready for a particular customer, and a live conversion service is the central question for launch day. Deutsche Bank has moved its digital asset custody launch into a matter of weeks as it prepares to hold selected crypto assets for institutional and corporate clients in Germany. In an October 16 Reuters interview , corporate bank co-head Gerald Podobnik described Bitcoin and Ether custody as the initial service and said stablecoin movement, tokenized deposits and digital securities would follow.

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