Deutsche Bank Opens Crypto Custody for Europe's Institutional Clients
Deutsche Bank's custody service now holds Bitcoin, Ethereum and three stablecoins for corporate and institutional clients in Europe. The launch came after about five years of preparation. For traders, it is a sign that large banks are moving deeper into crypto.
Why it matters
- A major European bank now holds Bitcoin and Ethereum for institutional and corporate clients.
- Three stablecoins are also included in the custody service, widening the range of digital assets offered.
- The service follows a five-year buildup, suggesting the offering was planned rather than a quick test.
What to watch next
Watch for whether other large banks announce similar crypto custody services, and whether Deutsche Bank expands the service to more clients or assets.
