Deutsche Bank began offering custodial storage of Bitcoin, Ether, USDC, EURC and EURAU to paying institutional and corporate clients in Europe, with plans to expand to Asia in 2027.
Deutsche Bank announced that its digital‑asset custody service is now operational for paying institutional and corporate clients across Europe. The offering, which became available on November 11, 2026, allows clients to store and transfer Bitcoin, Ethereum and three stablecoins – USDC, EURC and EURAU – while the bank retains control of private keys and provides hardware‑protected storage.
Update, Nov 11, 19:20 UTC: According to Decrypt, Deutsche Bank’s custody launch is part of a $270 million stablecoin consortium that aims to challenge dominant stablecoin issuers, and the service was built using technology from crypto exchange Bitpanda and partner Taurus. The article also notes that the project dates back to 2021, with the bank applying for a German licence in 2023 before receiving BaFin authorisation under MiCA.
Update, Nov 11, 14:49 UTC: According to Bitcoin Magazine, Deutsche Asset Management, which oversees about €1.22 trillion in assets, plans to launch a tokenised money‑market fund linked to the new custody platform. The bank’s memorandum of understanding also targets tokenised money‑market funds, crypto exchange‑traded commodities and stablecoins, as reported by the outlet.
Update, Nov 11, 10:48 UTC: According to Reuters, Deutsche Bank applied for its BaFin licence in June 2023, roughly 41 months before the service went live. The bank’s MiCA authorisation now covers all 30 European Economic Area states. The launch follows a record third‑quarter profit of €1.9 billion.
According to the bank’s product page, the custody platform supports both hot (warm) and cold wallets, multi‑person approval workflows and segregation of client assets. Clients can access the service through Deutsche Bank’s Autobahn corporate banking interface, and the bank manages wallets and private keys on their behalf. The service is limited to eligible institutional and corporate customers; retail investors are excluded, and the offering does not include trading, issuance or tokenised securities at launch.
The launch follows Deutsche Bank’s registration under the EU Markets in Crypto‑Assets Regulation (MiCA) on October 12, 2026, which granted the bank permission to provide custody and transfer services in Germany and, via cross‑border arrangements, other European markets. BaFin recorded the approval, and the service is now listed in the European Securities and Markets Authority’s MiCA register.
Deutsche Bank’s global head of trust and securities services, Paul Maley, said the bank intends to build a “fully integrated, regulated ecosystem” that will eventually include tokenisation and settlement of digital assets. In line with that vision, the lender signed a memorandum of understanding with its asset‑management arm, Deutsche Asset Management (formerly DWS), to explore commercial and technical cooperation, though no joint product has been announced. The bank also disclosed plans to roll the custody service out to major Asian financial centres during 2027.
Observers will monitor the uptake of Deutsche Bank’s custody service among European institutional investors, any fee structures the bank eventually publishes, and the timeline for the planned Asian expansion. Further developments may include the introduction of tokenised financial instruments or additional crypto assets, contingent on client demand and regulatory approval.
The platform currently supports Bitcoin (BTC), Ethereum (ETH), USDC, EURC and EURAU.
No, the service is limited to eligible institutional and corporate clients.
The bank has indicated a target for expansion into Asian financial centres during 2027.
This article was prepared by the COINMAG newsroom from the reports listed above.
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