Deutsche Bank awaits regulatory nod to launch institutional crypto custody solutions

Germany’s largest bank is awaiting regulatory approval to launch institutional custody solutions for Bitcoin, Ether and select stablecoins before expanding into tokenized assets.

Germany’s largest bank, Deutsche Bank, is awaiting regulatory approval to launch digital asset custody solutions for institutional clients and corporations in Europe. 

Deutsche Bank plans to go live with the offering for its first clients this year, subject to completion of the applicable regulatory timeline, the bank announced on Wednesday.

The bank plans to offer initial support for Bitcoin (BTC), Ether (ETH) and select stablecoins, including Circle USDC (USDC), EURC (EURC) and AllUnity EUR (EURAU). It also plans to include support for tokenized financial instruments at a later point.

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