Deutsche Bank has launched a European digital asset custody service for institutional and corporate clients. The service enables clients to store and transfer Bitcoin, Ethereum, and the stablecoins USDC, EURC, and EURAU, with the bank managing wallets and private keys. It uses hardware-based key protection, multi-person approvals, and separate warm and cold storage, and Deutsche Bank plans to expand the service to Asia. The bank also signed a memorandum of understanding with Deutsche Asset Management to explore tokenized money market funds, crypto exchange-traded commodities, and stablecoins, and it is participating in a $270 million consortium supporting new stablecoin issuers.
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