Deutsche Bank is reported to have opened its cryptocurrency custody service to companies and institutional investors. The bank has been working on the project since 2023, after applying to the German financial supervisor BaFin and partnering with Swiss custody and tokenization provider Taurus. The service would allow professional clients to delegate the protection of the private keys required to transfer crypto assets. Its commercial launch, the list of supported assets and the available features remain unconfirmed. The EU MiCA regulation requires banks to notify their competent authority at least 40 business days before offering these services.
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