Deutsche Bank is set to introduce a crypto custody service in 2026 in partnership with Bitpanda and Taurus, widening its digital asset initiatives in Europe. As Germany's largest bank, Deutsche Bank plans to allow clients to store cryptocurrencies such as Bitcoin. This move follows the bank's initial ambitions in cryptocurrency storage that began in 2020. Recently, Deutsche Bank's head of digital assets, Sabih Behzad, expressed interest in stablecoins and the possibility of entering the stablecoin market, either by issuing their own or joining existing projects. The bank is also looking into developing tokenized deposit solutions for payments and has been improving crypto payment systems since mid-2024. This initiative aligns with broader industry trends as regulatory conditions become more favorable for stablecoins, particularly in the US. Deutsche Bank did not respond to inquiries about the plans, and Bitpanda also refrained from confirming the report.

Source 🔗