Deutsche Bank to Launch Crypto Custody Services for Institutional Clients
German lender Deutsche Bank (NYSE: DB) announced plans to offer cryptocurrency custody services to its institutional clients, with the service expected to launch by year-end. The offering will support cryptocurrencies such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and stablecoins like USDC (CRYPTO: USDC). This move aligns with growing adoption of digital assets among European institutions and corporations. Deutsche Bank aims to provide regulated custody solutions, leveraging its existing relationships in traditional finance. The bank noted that institutional clients are increasingly using crypto for purposes such as payments via stablecoins. Deutsche Bank's stock has risen 5% over the past year, trading at $38.35 per share.
Topics: cryptocurrency custody services Deutsche Bank institutional clients