Deutsche Bank Readies German Crypto Custody Launch, Plans Asia Push in 2027
German bank secures custody approval, sets sights on Asia
Deutsche Bank has received authorization from German regulators to offer crypto custody services, according to a register published by the European Securities and Markets Authority. The bank now plans to roll out the offering in Germany and expand into Asian financial centers in 2027.
The move comes as the digital asset economy continues to grow, with hundreds of billions of dollars now held in stablecoins — cryptocurrencies pegged to traditional currencies like the US dollar or euro.
What the bank will offer
The initial custody service will support Bitcoin, Ether, and a selection of stablecoins including Circle USDC, EURC, and AllUnity EUR. Deutsche Bank announced the launch details in a September press release aimed at institutional and corporate clients.
Regulatory progress
The authorization came under the EU's Markets in Crypto-Assets Regulation, known as MiCA. Germany's Federal Financial Supervisory Authority, BaFin, granted the approval on Monday, and the European Securities and Markets Authority subsequently added Deutsche Bank to its interim MiCA register.
Expansion targets remain unclear
Cointelegraph contacted Deutsche Bank asking which Asian financial centers it plans to target first, but did not receive a response by publication time.
Gerald Podobnik, co-head of Deutsche Bank's corporate bank, told Reuters the expansion is tied to the bank's goal of achieving 8% compound annual growth in corporate banking by 2028.
Partnership background
Deutsche Bank has been laying groundwork for its crypto custody business since September 2023, when it partnered with Taurus, a cryptocurrency infrastructure platform, to support its custody plans.
Why this matters
The authorization marks a significant step for a major European bank entering the crypto custody space. Custody services allow institutions to securely store digital assets — a growing demand as traditional finance and the digital asset economy continue to converge.
What happens next
Deutsche Bank is expected to launch its German crypto custody service soon, with Asian expansion planned for 2027.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.