Deutsche Bank Activates Crypto Custody Service in Germany

Deutsche Bank has activated its Digital Asset Custody service for paying clients, giving institutions in Germany access to bank-managed storage and transfers for five digital assets.

The offering supports Bitcoin (BTC), Ether (ETH), USDC, EURC and EURAU. Deutsche Bank manages clients’ wallets and private keys, and customers can access the service through Autobahn, its corporate banking platform.

The service is available to Corporate Bank clients in Germany. Cross-border servicing is available in Europe, subject to applicable rules.

“In the medium term we aim to deliver a fully integrated, regulated ecosystem that supports the custody, tokenisation, and settlement of digital assets,” said Paul Maley, Deutsche Bank’s global head of trust and securities services.

Crypto-assets held through the service are not covered by deposit-guarantee protection comparable to that for eligible bank deposits. Deutsche Bank announced the planned European service on Sept. 16, with its launch tied to regulatory timing.