Deutsche Bank Launches Bitcoin and Ethereum Custody Service

Deutsche Bank officially rolls out digital asset custody service, allowing paying clients to store bitcoins and Ethereum. Germany’s biggest lender is looking to further increase its cryptocurrency footprint and explore further services related to tokenization and digital payments.

Deutsche Bank Opens Bitcoin and Ethereum Custody Services

Deutsche Bank announced Wednesday that its digital asset custody service has started accepting paying clients. The launch follows its September announcement outlining plans to offer regulated cryptocurrency custody services across Europe.

It is a service to store digital assets in the bank’s custody service for institutional and corporate clients. Earlier in September, Deutsche Bank announced that it would support a number of cryptocurrencies on its platform, including Bitcoin and Ethereum.

The lender said at the time it would be available after it received the necessary regulatory approvals. German giant Deutsche Bank has announced that its platform is now available, and it will soon expand into digital asset tokenization and transaction settlement.

Paul Maley, the bank’s global head of trust and securities services, outlined its plans for digital assets. “In the medium term we aim to deliver a fully integrated, regulated ecosystem,” Maley said.