Deutsche Bank now offers crypto custody to firms and institutions
Deutsche Bank has launched a crypto custody service for companies and institutional clients. Clients can store and transfer Bitcoin, Ether and select stablecoins through the bank, which manages their wallets and private keys. This could make it easier for large investors to hold digital assets through a major bank.
Why it matters
- Large clients can now hold Bitcoin and Ether through a major traditional bank.
- The bank manages wallets and private keys on behalf of its clients.
- Select stablecoins are also included in the new custody service.
What to watch next
Watch for whether other large banks announce similar crypto custody services for their institutional clients.
