Germany’s largest bank, Deutsche Bank, plans to launch cryptocurrency custody services in Germany and expand them to Asian financial centers by 2027. This expansion is driven by the rapid growth of the digital asset economy, which represents several hundred billion dollars, particularly in stablecoins. The bank targets a compound annual growth rate of 8% in its corporate banking division by 2028. The custody services will initially support Bitcoin, Ether and several stablecoins including USDC and EURC. Deutsche Bank has received authorization from BaFin and expects regulatory approval in October under the MiCA regulation.
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