The service supports Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), EURC and EURAU. Clients can access it through Deutsche Bank’s Autobahn corporate banking system. The bank has not named its first customers or disclosed custody fees.
Germany’s financial regulator, BaFin, registered Deutsche Bank on October 12 to provide crypto-asset custody and transfer services under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The registration is listed in the European Securities and Markets Authority’s MiCA register. Eligible clients in other European markets may be served through applicable cross-border arrangements.
The initial offering is limited to storing and transferring digital assets. Crypto trading, exchange services and tokenized securities are not listed among the launch products. The platform includes hardware-protected key storage, warm and cold wallets, multiple approval controls and separate arrangements for client assets. Deutsche Bank has said it uses external providers for some technical services and has worked with Swiss firm Taurus on custody and tokenization technology since 2023.
Paul Maley, the bank’s global head of trust and securities services, said Deutsche Bank aims to expand into other blockchain-based financial services. “In the medium term we aim to deliver a fully integrated, regulated ecosystem that supports the custody, tokenisation, and settlement of digital assets,” he said.
The bank plans to extend its custody business to major Asian financial centers in 2027. Gerald Podobnik, co-head of corporate banking, has also outlined plans involving currency exchanges into stablecoins, tokenized deposits and support for digital bond issuance. On November 11, Deutsche Bank announced a memorandum of understanding with Deutsche Asset Management, formerly known as DWS, to explore commercial and technical cooperation on digital assets. No specific products or launch dates have been announced.
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