Deutsche Bank is preparing to extend its cryptocurrency custody service to Asia by 2027, broadening its digital asset ambitions just weeks ahead of a planned launch in Germany.
According to Reuters, citing the bank’s co-head, the German financial institution also intends to introduce stablecoin conversion, tokenized deposits, and solutions enabling clients to issue digital bonds and other blockchain-based securities.
The initiative would provide institutional clients across Asia with access to cryptocurrency services through a well-established global bank, eliminating the need to manage private keys or crypto wallets directly. The specific Asian financial partners or markets to be prioritized have not yet been disclosed.
Under the custody offering, corporate and institutional clients will be able to hold and transfer digital currencies, while Deutsche Bank manages the underlying technology required to safeguard the assets.
In September, the bank announced that its initial service would support bitcoin, ether, and stablecoins such as USDC, EURC, and EURAU. The German rollout remains pending regulatory approval.
Deutsche Bank secured authorization from BaFin, Germany’s financial regulator, under the EU’s Markets in Crypto-Assets (MiCA) framework on October 12, as reflected in the European Securities and Markets Authority’s interim register.
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