Overview
- Deutsche Bank told Reuters that the custody service is operational for paying institutional and corporate clients in Europe, with the bank switching it on Wednesday, November 11, 2026.
- The platform supports Bitcoin, Ether and three stablecoins (USDC, EURC and EURAU) and allows clients to store and transfer those tokens through the bank.
- Deutsche Bank will manage client wallets and private keys using hardware security modules, warm and cold storage, multi-approval controls and third-party infrastructure partners such as Taurus, with access via the bank’s Autobahn gateway.
- The bank has not disclosed how many clients have signed up, the assets under custody or the fees charged, and it warns that crypto held in custody is not covered by deposit-guarantee schemes.
- Deutsche Bank signed a memorandum of understanding with its asset-management arm to explore tokenised products and plans to expand custody to major Asian financial centres in 2027, a move that could enable bank-backed tokenisation and settlement services if client demand and approvals follow.