Deutsche Bank to launch crypto custody in Europe this year

Deutsche Bank is close to debuting digital asset custody for institutional and corporate clients in Europe this year, pending regulatory approval. The service will support a select range of cryptocurrencies at launch, including bitcoin, ether and stablecoins such as USDC and EURC.

The move follows Deutsche Bank's participation in the consortium of 21 global banks developing a stablecoin and its broader push into crypto services. No further details on structure, supported assets beyond the initial list, or launch timing were disclosed.