Deutsche Bank plans to launch its crypto custody service in Germany, followed by expansion to financial hubs in Asia by 2027. The initial service is expected to support Bitcoin (BTC), Ethereum (ETH), and several stablecoins, including USDC, EURC, and EURAU from AllUnity. Deutsche Bank has received approval from Germany’s Federal Financial Supervisory Authority (BaFin) under the EU’s MiCA regulation. Gerald Podobnik, co-head of Deutsche Bank’s corporate banking division, said the rapid growth of the digital assets market—including hundreds of billions of dollars in stablecoin value—is the key driver behind this initiative.
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