German bank Deutsche Bank, the country’s largest, is just weeks away from launching its crypto custody service, according to sources cited by Reuters. The service will initially support major cryptocurrencies such as Bitcoin before expanding to services allowing clients to move funds in and out of stablecoins. Deutsche Bank also plans to expand its custody platform to Asia next year. BNY Mellon became the first major U.S. bank to offer digital asset custody services in 2022.
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