Deutsche Bank Launches Crypto Custody for Bitcoin and Stablecoins

Deutsche Bank has started providing crypto custody for bitcoin (BTC), ethereum (ETH), and stablecoins. The offering became active on Wednesday, arriving two months after the bank's initial announcement.

This step positions Germany's biggest bank as a direct participant in institutional digital asset services throughout Europe.

Deutsche Bank's New Crypto Custody: What It Offers

Crypto custody is a service where a regulated entity secures digital assets on behalf of clients. The institution manages private keys and wallets for them.

Reuters reported that Deutsche Bank confirmed the launch on Wednesday. The service supports Bitcoin, Ethereum, and three stablecoins and e-money tokens.

USDC, EURC, and EURAU — a euro token from AllUnity — are among those. The bank also provides safekeeping and transfer services, though tokenized financial instruments remain on the roadmap. The custody service uses multi-layer key management controls.

BREAKING: 🇩🇪 $2.23 Trillion Deutsche Bank has officially launched crypto custody for $BTC, $ETH and stablecoins.

Bullish 🚀 pic.twitter.com/h2xnzoN4O5

— Ash Crypto (@AshCrypto) November 11, 2026

Retail investors are not eligible for the service. It is instead aimed at corporate and investment banking clients such as asset managers, hedge funds, brokers, and sovereign institutions.

The launch came after a lengthy process. Deutsche Bank filed an application with German regulator BaFin in June 2023, about 41 months earlier. For context, Commerzbank obtained a custody license in 2023, and three other German applicants received approval during that period.

Deutsche Bank's Next Steps in Crypto

Deutsche Bank first announced the service in September, pending completion of the regulatory timeline. Then, Co-Head of the Corporate Bank Gerald Podobnik described digital assets as an “important complement” to traditional finance.

Podobnik informed reporters in October that the service would first go live in Germany. In the meantime, the bank's MiCA authorization now covers all 30 European Economic Area countries.

Going forward, Deutsche Bank intends to enter Asian financial hubs in 2027. The bank also plans to offer stablecoin conversion, tokenized deposits, and digital bond issuance. This expansion aligns with its target of 8% annual corporate banking growth by 2028.

On Wednesday, the bank additionally signed a memorandum of understanding with Deutsche Asset Management. The pact aims to explore deeper collaboration on digital assets. The custody launch also comes after Deutsche Bank reported a record third-quarter profit of €1.9 billion (approximately $2.1 billion).