Category crypto

Deutsche Bank prepares German crypto custody launch, eyes Asia: Report

Deutsche Bank is advancing its cryptocurrency strategy by preparing to launch a dedicated digital asset custody service in Germany. Building on an application submitted to BaFin for a crypto custody license back in 2023, the financial institution is systematically expanding its footprint in the digital finance sector. Beyond its domestic market, the banking giant is already eyeing strategic growth opportunities in Asia to capture rising regional demand. This initiative highlights the growing institutional adoption of digital assets by traditional legacy banks worldwide.