- Deutsche Bank plans crypto custody service by 2026 for digital assets.
- Partnership with Bitpanda and Taurus aims to keep custody secure.
- Trump crypto-friendly policies boost Deutsche Bank’s confidence in expansion.
Deutsche Bank, one of Germany’s biggest banks, is getting ready to enter the world of digital assets in a major way. The bank plans to launch its digital asset custody service by 2026. This implies that it will enable clients to safely keep cryptocurrencies and other digital tokens.
Vienna-Based Bitpanda Brings 20 Million Users to Deutsche Bank Partnership
To ensure that this is made a reality, Deutsche Bank has collaborated with some powerful partners. It will collaborate closely with the technology team of Bitpanda. Bitpanda is one of the most regulated crypto exchange sites in Europe. The company, based in Vienna, is already serving around 20 million customers, some of them being in Germany.
According to Bloomberg, Deutsche Bank is also going to maintain the long-term cooperation with Taurus SA. Taurus is a Switzerland-based firm that provides ultra-modern digital asset infrastructure. Since 2018, more than 25 big institutions have issued, held, and trade their digital assets using Taurus. Through these two partners, the Deutsche Bank intends to create a safe and trusted environment to its clients.
The move to establish a crypto custody service is not a recent idea. These plans were disclosed by the bank in 2022. It is currently getting nearer to materializing them. Reported by Bloomberg, sources close to the project said the bank will continue operating with Taurus on the new service in its corporate segment.
This decision demonstrates a future strategy of Deutsche Bank. The financial institution would like to offer virtual currencies as its mainstream offering. By 2026, clients will have to be able to not just store cryptocurrencies such as Bitcoin but also security tokens. These new services will aid Deutsche Bank in competing with other international banks that are also making their way into the crypto world.
This step is also about staying up to date with what clients want. There is a wide demand among institutional investors to find secure avenues to store their digital assets. The individual investors are also seeking alternatives for portfolio diversification. Deutsche Bank is expecting that the new service will appeal to both groups.
Deutsche Bank Explores Stablecoins, Tokenized Deposits, Possible Future Token Launch
The technology of Bitpanda and Taurus will ensure the sustainability of the custody service is new and safe. The importance of it is the fact that safety is one of the main concerns of any person who has digital assets. Customers wish to know that their funds are not at threat of hacks and fraudsters.
Deutsche Bank does not intend to stick to custody services only. The bank is now researching stablecoins and tokenized deposits as well. It can even issue its own tokens in future. This is when the U.S. is increasingly giving attention to stablecoins.
Interestingly, the political situation in the U.S. has also been positively influenced. Even before the November 2024 reelection of President Donald Trump, the policy environment on digital assets improved. His government has clarified the legislation of stablecoins and named people in the government who are in favor of crypto innovation. This has kicked the digital asset market and provided large banks with an increased sense of surety to carry on.
The strategy of Deutsche Bank demonstrates the transformation of traditional banks. They find the worth in Internet-based assets and are interested in being included in the future. Having such trusted partners as Bitpanda and Taurus, Deutsche Bank is prepared to provide their clients with safe, insightful, and leading services.
The bank is also aiming to become a leader in crypto custody by 2026 to allow its clients to hold and manage the digital wealth they have safely and securely.
The post Deutsche Bank to Launch Digital Asset Custody by 2026 appeared first on Live Bitcoin News.
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