At a glance
- The MiCA approval is in hand, but the German launch still requires further regulatory approval.
- Until the German approval lands, custody due diligence on Deutsche Bank is diligence on a plan, not a live service.
- The 2027 Asia plan names no Asian jurisdiction, regulator or license.
BaFin authorized Deutsche Bank under the EU's Markets in Crypto-Assets rules on Oct. 12, and the bank plans to offer crypto custody in Asia from 2027.
The MiCA approval is in hand, but the German launch still requires further regulatory approval. The approval needed for the launch, the entity that would hold client assets, the target clients and any fee are not specified.
Until the German approval lands, custody due diligence on Deutsche Bank is diligence on a plan, not a live service. An RIA with European clients can shortlist the bank on the strength of the MiCA license, but the German unit cannot yet receive assets. The open questions are which legal entity contracts, which regulator supervises it, and whether the Asian business sits in the same structure.
The 2027 Asia plan names no Asian jurisdiction, regulator or license.
Reported by The Wrap desk from BaFin / data pack coverage of Deutsche Bank MiCA authorization, Axios (Fireblocks/Visa approach, as reported in data pack), OCC final GENIUS Act rule (data pack) and BlackRock iShares Bitcoin Managed Protect ETF filing (data pack). Published . Corrections
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