Deutsche Bank launched a digital asset custody service for paying institutional clients on November 11. The platform, operated by DB AG in Frankfurt, offers warm and cold storage, key custody through hardware security modules, and asset transfers, with additional capabilities planned for later. It is available in the European Union and supports BTC, ETH, USDC, EURC, and EURAU, reflecting the bank’s effort to promote euro-denominated stablecoins in competition with USDT. An Asian expansion is reportedly planned for 2027, subject to confirmation. The launch comes amid sustained crypto market outflows and includes compliance checks on deposits, limiting the service’s usefulness for funds from grey-market sources.
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