At a glance
- The service is initially open to Corporate Bank and Investment Bank clients: corporates, asset managers, hedge funds, custodians, brokers and sovereign institutions.
- For European crypto and multi-asset managers, a custodian supervised by BaFin adds a regulated option for institutional operational due diligence, work that has largely run through specialist crypto custodians.
- Alongside the launch, Deutsche Bank signed a memorandum of understanding with Deutsche Asset Management covering tokenized money market funds, crypto-asset exchange-traded commodities and stablecoins, The Block reported.
Deutsche Bank launched digital asset custody for institutional and corporate clients in Europe on Nov. 11 after Germany's BaFin approved the service.
The service is initially open to Corporate Bank and Investment Bank clients: corporates, asset managers, hedge funds, custodians, brokers and sovereign institutions. It supports Bitcoin and Ether at the outset, along with selected stablecoins and e-money tokens including USDC, EURC and EURAU, with tokenized financial instruments to be added later, HedgeCo News reported. Deutsche Bank holds the wallets and private keys, using dedicated hardware, offline cold storage and approval rules that require more than one person for significant actions.
For European crypto and multi-asset managers, a custodian supervised by BaFin adds a regulated option for institutional operational due diligence, work that has largely run through specialist crypto custodians.
Alongside the launch, Deutsche Bank signed a memorandum of understanding with Deutsche Asset Management covering tokenized money market funds, crypto-asset exchange-traded commodities and stablecoins, The Block reported. Deutsche Asset Management said it plans to launch a tokenized money market fund. The bank cited its own research showing the tokenized asset market, excluding stablecoins, grew from about $10 billion in January 2025 to $39 billion in September 2026.
Reported by the Custody & Infrastructure desk from HedgeCo News and The Block (cited by HedgeCo News). Published . Corrections