Deutsche Bank to Launch Bitcoin and Ether Custody for European Institutions

  • Deutsche Bank will offer Bitcoin and Ether custody to European institutional clients before year-end.
  • The initial service includes USDC, EURC and EURAU alongside selected digital assets.
  • The bank expects its German digital-asset custody licence in October, subject to regulatory approval.

Deutsche Bank will begin holding Bitcoin and Ether for institutional clients in Europe before the end of the year, using Germany’s regulatory framework under the European Union’s Markets in Crypto-Assets regime. The bank expects to receive its digital-asset custody licence in October, a spokesperson told Cointelegraph. Its initial offering will also cover selected stablecoins and e-money tokens, including USDC, EURC and EURAU, with tokenized financial instruments included in the roadmap. Deutsche Bank will manage wallets and private keys in-house, protected by hardware security, multi-person approvals and separate warm and cold storage. The first clients will include corporates, asset managers, hedge funds, custodians, brokers and sovereign institutions served by its corporate and investment banks. The move expands Germany’s institutional crypto market, which already has 89 MiCA-registered providers, while the UK is still preparing its own regime for 2027. Deutsche Bank says the service remains subject to regulatory requirements, internal approvals, market developments and client demand, and has warned that digital assets carry volatility, fraud, cyber and market-participant risks without deposit-guarantee protection.

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