Deutsche Bank plans to launch its first digital asset services in the coming weeks, moving its crypto business from a pilot phase into full production. The initial offering will provide institutional and corporate clients in Germany with custody for digital assets such as Bitcoin and Ether, integrated with traditional banking, trading and settlement services.
The bank plans to expand its crypto services to Asia by 2027, targeting markets with high crypto adoption, including Singapore and Hong Kong. The move by a globally systemically important bank is seen as significant validation for the digital asset sector and is expected to have immediate implications for crypto-fiat banking platforms.