Deutsche Bank to Launch Crypto Custody Services in 2026
Deutsche Bank, Germany’s largest financial institution, will introduce crypto custody services in 2026. This strategic expansion into digital assets will be supported by partnerships with Bitpanda and Taurus, enabling secure storage for cryptocurrencies such as Bitcoin.
Strategic Partnerships for Secure Crypto Storage
The development of the crypto custody service leverages Bitpanda’s technological expertise and Taurus‘s robust infrastructure. This collaboration underscores Deutsche Bank’s dedication to integrating digital assets into its service offerings, a vision first outlined in 2020.
Advancing Digital Currency Solutions
Beyond custody services, Deutsche Bank is actively exploring opportunities in the stablecoin market. Sabih Behzad, the bank’s head of digital assets, has highlighted the potential for involvement in stablecoin initiatives. Additionally, the bank is innovating with a tokenized deposit system for payments and developing a layer-2 blockchain solution on the Ethereum network, utilizing ZKsync technology for enhanced scalability and efficiency.
Key Highlights
- Deutsche Bank’s crypto custody services launch scheduled for 2026.
- Collaborative efforts with Bitpanda and Taurus to ensure technological excellence.
- Exploration of stablecoin projects and development of a tokenized deposit system.
- Ongoing development of a layer-2 blockchain to support Ethereum transactions.
