Deutsche Bank’s Bitcoin and Ether Custody Is Open to Clients, Bank Says
By Unchained
AI summary of the source article
Deutsche Bank has begun holding digital assets for paying Corporate Bank clients under the European Union's MiCA framework. The custody service supports bitcoin, ether, and three stablecoins, and is passported across 30 European countries.
Why it matters
According to Paul Maley, Deutsche Bank's global head of trust and securities services, “In the medium term we aim to deliver a fully integrated, regulated ecosystem that supports the custody, tokenisation, and settlement of digital assets.”
Key facts
- Deutsche Bank was listed on ESMA's interim MiCA crypto register on Oct. 12 under BaFin supervision, passporting custody across 30 European countries.
- The service supports bitcoin, ether, USDC, EURC, and EURAU for Corporate Bank clients and excludes retail clients.
- Deutsche Bank signed a memorandum of understanding with Deutsche Asset Management to explore technical and commercial collaboration in digital assets.
Source excerpt · Unchained
Unchained counted 30 European countries on the bank's EU crypto register entry, which rests on a notification to its regulator, not a new license. The post Deutsche Bank’s Bitcoin and Ether Custody Is Open to Clients, Bank Says appeared first on Unchained .