Deutsche Bank Launched Institutional Crypto Custody in Europe

Germany’s largest lender has taken a major step into digital assets. On Wednesday, Deutsche Bank launched its long-awaited crypto custody service for institutional and corporate clients across Europe, allowing them to securely store and transfer Bitcoin, Ether, and select stablecoins while the bank manages the wallets and private keys. A Regulated Gateway for Traditional Finance Deutsche Bank launched the formal rollout of a service Deutsche Bank first flagged in September, after securing the necessary regulatory green light. The bank’s listing for crypto custody and transfer services under the European Union’s Markets in Crypto-Assets Regulation (MiCA) was recorded on October 12, with Germany’s BaFin serving as its primary regulator.

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