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Deutsche Bank to Launch Crypto Custody Service in Partnership with Bitpanda
Deutsche Bank to Launch Crypto Custody Service in Partnership with Bitpanda
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BTCCSquare news:
Deutsche Bank is set to enter the cryptocurrency custody space next year, leveraging a partnership with Austrian crypto exchange Bitpanda. The move signals growing institutional confidence in digital asset infrastructure.
The German banking giant's custody plans mark a strategic expansion beyond its existing relationship with Swiss custodian Taurus. While Deutsche Bank remains both an investor in and client of Taurus, the new in-house service could redefine this dynamic.
This initiative complements Deutsche Bank's broader crypto strategy, which recently included stablecoin development through its DWS asset management arm. The bank is collaborating with FLOW Traders and Galaxy on a euro-denominated stablecoin project.
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