Deutsche Bank Switches On Bitcoin Custody for Paying Clients
By Micah Zimmerman
AI summary of the source article
Deutsche Bank has launched a digital asset custody service for institutional and corporate clients across Europe. The platform manages wallets and private keys for bitcoin, ether, and the USDC, EURC, and EURAU stablecoins.
Why it matters
The bank pitched the service "as a way for clients to skip building and maintaining their own custody infrastructure" and aims "in the medium term [...] to deliver a fully integrated, regulated ecosystem that supports the custody, tokenisation, and settlement of digital assets."
Key facts
- Deutsche Bank activated its digital asset custody service for paying European institutional and corporate clients via Autobahn and its Corporate Bank portal.
- The offering supports bitcoin, ether, USDC, EURC, and EURAU, storing private keys in hardware security modules with warm and cold storage options.
- Deutsche Bank signed an agreement with Deutsche Asset Management to explore tokenized money market funds, crypto exchange-traded commodities, and stablecoins.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Deutsche Bank Switches On Bitcoin Custody for Paying Clients Germany's largest lender now holds bitcoin, ether and three stablecoins for institutional and corporate clients in Europe, but it has not named any customers or disclosed fees. This post Deutsche Bank Switches On Bitcoin Custody for Paying Clients first appeared on Bitcoin Magazine and is written by Micah Zimmerman .