Deutsche Bank to launch bitcoin custody service within weeks
Fast track to custody for institutional clients
Deutsche Bank is preparing to start offering bitcoin custody services for European corporate and institutional clients within weeks, according to a recent report. The German lender also plans to expand the custody platform into Asia next year, marking a rapid entry into digital assets.
The move follows a broader trend of top banks worldwide embracing crypto custody. Major institutions such as BNY Mellon, State Street, Standard Chartered, U.S. Bank, and Citigroup have all committed to direct crypto custody over the past 18 months.
Deutsche Bank first officially announced plans to debut a bitcoin custody service for European corporate and institutional clients in September. At that time the bank said the service was subject to the completion of the applicable regulatory timeline.
Key details from the report
- Launch expected within weeks for institutional bitcoin custody
- Service will initially support major cryptocurrencies such as bitcoin
- Plans to add stablecoin movement services after initial crypto custody
- Asia expansion targeted for next year
- Comment from Gerald Podobnik, co‑head of corporate banking, about the need for tokenized or blockchain solutions
Bank's own announcement
In September 2026, Deutsche Bank stated it would introduce a digital asset custody solution for institutional and corporate clients. The bank noted that the service would be delivered once the regulatory process was completed.
Other reporting
A Reuters report on Friday quoted corporate banking chief Gerald Podobnik. Reuters also indicated that the service will eventually help clients move money into and out of stablecoins.
Confirmed facts
- Deutsche Bank will begin offering bitcoin custody within weeks.
- The service will initially cover major cryptocurrencies, starting with bitcoin.
- After the initial custody offering, the bank will introduce stablecoin movement services.
- The bank plans to expand the custody platform to Asia in the following year.
- Jeremy Podobnik said the financial system will need to "offer tokenized or blockchain solutions."
- The bank announced its plans in September 2026, subject to regulatory approval.
Uncertain details
The exact launch date within the "weeks" period is not specified in the sources.
Why this matters
Major traditional banks entering crypto custody adds legitimacy to digital assets. It provides institutional clients with a regulated way to hold bitcoin and later use stablecoin services. The trend shows banks are moving beyond pilot projects into full‑service offerings.
Future plans
The bank will roll out bitcoin custody first, then expand to support stablecoin transactions. An expansion into Asian markets is planned for next year, following the initial European launch.
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.