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One of Europe’s Largest Banks to Launch Digital Asset Custody in 2026
Deutsche Bank is set to launch its digital asset custody service by 2026, according to recent reports. This move comes as a significant milestone in the institution’s expansion into blockchain and cryptocurrency markets.
The German banking giant will collaborate with Bitpanda Technology Solutions and Taurus SA, a Swiss-based digital asset specialist, to develop this innovative product. This partnership aims to provide a secure storage environment for institutional clients seeking safekeeping of their cryptocurrencies and tokenized assets within a regulated framework.
It’s essential to note that Deutsche Bank is not merely dipping its toes into the world of cryptocurrency; instead, it has been steadily building its capabilities in digital assets since 2022 when it made an investment in Taurus SA as part of a $65 million funding round. This strategic shift further solidifies the bank’s commitment to embracing blockchain infrastructure.
In recent years, European banks have begun aligning themselves with the emerging blockchain landscape without venturing into high-risk or speculative ventures. Instead, they are focusing on building compliance and infrastructure, mirroring this growth in institutional confidence towards blockchain’s long-term role in mainstream finance.
Deutsche Bank is not alone in its crypto-focused ambitions; several other major European banking institutions are following suit. For instance, Sparkassen, a significant German banking network, plans to introduce retail cryptocurrency trading by 2026 through DekaBank. Moreover, Standard Chartered recently secured regulatory approval for providing institutional-grade custody services for Bitcoin and Ethereum.
It’s evident that digital assets are transitioning from speculation to infrastructure, with Deutsche Bank positioning itself as a pioneer in the space.
Source: crypto-economy.com
