Deutsche Bank Launches Custody for Bitcoin, Ether, and Stablecoins

On November 11, 2026, Deutsche Bank confirmed the launch of its cryptocurrency custody service for corporate and institutional clients in Europe. The service is already available to the first clients on a commercial basis. Previously, the bank planned to start servicing after completing the necessary regulatory procedures.

Initially, the platform supports five digital assets: Bitcoin (BTC), Ether (ETH), the US dollar stablecoin USDC, the euro stablecoin EURC, and the electronic money token EURAU issued by AllUnity.

The custody service allows clients to store crypto assets and transfer them to other market participants. Deutsche Bank manages digital wallets and private keys, which are necessary for accessing assets and confirming transactions.

The service is aimed at companies, asset managers, hedge funds, brokers, and other professional financial market participants. It is not yet available to retail clients.

How Cryptocurrency Storage Works at Deutsche Bank

According to the bank's documentation, the platform provides hardware protection of private keys, separation of employee powers, and confirmation of individual transactions by multiple authorized persons.

Separate infrastructural environments are used for storing assets, including network-connected and offline wallets. Access to the service is also organized through the corporate platform Autobahn.

Deutsche Bank also provides backup mechanisms and access recovery procedures. However, using the bank's infrastructure does not eliminate the market and technical risks of crypto assets. Unlike regular bank deposits, they are not covered by comparable deposit guarantee schemes.

The bank is developing the service within the framework of the European Markets in Crypto-Assets (MiCA) regulation. Client servicing outside Germany is carried out in compliance with applicable requirements for cross-border financial services provision.

Bank Plans to Expand Crypto Services

Deutsche Bank intends to launch its custody service in Asian financial markets in 2027. Specific countries and service start dates have not yet been announced.

In the future, the bank is also considering the possibility of converting traditional currencies into stablecoins, issuing tokenized deposits, and supporting digital bonds. These products are in the planning stage and are not included in the initial list of launched services.

Paul Maley, Global Head of Trust and Agency Services at Deutsche Bank, told Reuters that in the medium term, the bank aims to create a regulated infrastructure for the custody, tokenization, and settlement of digital assets.

Additionally, on November 11, Deutsche Bank signed a memorandum of understanding with Deutsche Asset Management. The parties intend to explore opportunities for technical and commercial cooperation in the field of digital assets. Specific joint products and their launch timelines have not yet been disclosed.

The number of clients of the new custody service, the volume of crypto assets transferred for storage, and Deutsche Bank's fees have not been publicly disclosed.