Deutsche Bank now holds Bitcoin and Ether for corporate clients

Deutsche Bank, the largest lender in Germany, has officially launched its crypto custody service for institutional and corporate clients. According to Cointelegraph, the Bank now allows businesses to store and transfer Bitcoin, Ether, and select stablecoins like USDC through its platform. The Bank manages the digital wallets and private keys for these clients.

This service follows a registration with the European Union’s Markets in Crypto-Assets Regulation, or MiCA, register dated October 12. The Bank is regulated by BaFin, the German federal financial supervisory authority. To build this infrastructure, the Bank partnered with Taurus, a company that provides digital asset technology.

Beyond basic storage, the Bank signed an agreement with its asset management arm to explore tokenized money market funds and other crypto-based financial products. Gerald Podobnik, co-head of the corporate bank, previously stated that the service is launching in Germany first. The Bank plans to expand these capabilities to Asian financial centers by 2027.

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This move signals a major shift as traditional banks begin to handle digital assets directly for their business customers. If your business holds digital assets, this provides a regulated way to manage your holdings through a major global bank.