Deutsche Bank Expands Digital Asset Custody License to the European Economic Area, Supporting Five Assets

Odaily: Deutsche Bank, Germany's largest lender, has extended its digital asset custody service license from Germany to the European Economic Area through regulatory passporting arrangements. The service is aimed at institutional clients and supports Bitcoin, Ethereum, as well as three stablecoins and e-money tokens: USDC, EURC, and EURAU. It is not available to retail investors.

Clients can access the service through Deutsche Bank's Autobahn gateway and Corporate Bank portal, and choose between connected accounts or offline storage. The custody platform employs dedicated cryptographic hardware, client asset segregation, and client-specific trading permissions, along with tiered identity verification.

The service is operated by Deutsche Bank's Frankfurt entity, with clients including corporations, hedge funds, asset managers, brokers, custodians, and sovereign institutions. Deutsche Bank stated that its medium-term goal is to build a comprehensive regulated ecosystem covering digital asset custody, tokenization, and settlement. (Bitcoin.com News)