Deutsche Bank Launches Crypto Custody for Corporate and Institutional Clients

Deutsche Bank launched its digital asset custody service for paying institutional and corporate clients on Nov. 11, giving professional customers in Europe a bank-run option for holding crypto.

Germany is the listed market for the service; clients elsewhere in Europe may be served across borders where local regulations permit. It covers custody and transfers, including movements between warm and cold storage. Deutsche Bank manages client wallets and private keys using hardware security modules. Clients can access the service through its Autobahn corporate banking portal.

The bank’s service page lists Bitcoin (BTC), Ether (ETH), USDC, EURC and EURAU as supported tokens.

A separate memorandum with Deutsche Asset Management, formerly DWS, provides for exploring potential commercial and technical work involving digital assets.

The bank announced its custody plan in September, describing a service for institutional and corporate clients and excluding retail customers.