Deutsche Bank launched a crypto custody service in Germany on Wednesday for corporate and institutional clients. The service supports storing and transferring Bitcoin, Ether and selected stablecoins, with the bank managing wallets and private keys. Deutsche Bank’s listing in the European Union’s Markets in Crypto-Assets Regulation register for crypto custody and transfer services is dated October 12 and identifies BaFin as its regulator. The bank also signed a memorandum of understanding with Deutsche Asset Management to explore tokenized money market funds, crypto exchange-traded commodities and stablecoins. Following its partnership with Taurus in 2023, the bank plans to expand the service to Asian financial centers in 2027.
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