Deutsche Bank is planning to launch cryptocurrency custody services in 2026

On July 1st, as per sources with knowledge of the matter, Deutsche Bank AG intends to launch its digital asset custody service in the following year (2026) and has invited the technical department of the cryptocurrency exchange Bitpanda to assist in the construction of this service. It was stated that the bank's corporate banking division initially made public the custody business plan in 2022 and is currently continuing to collaborate with the Swiss technology provider Taurus SA to advance this project. These sources, while discussing confidential plans, requested anonymity. The progress of this custody service comes at a time when major financial institutions are increasingly focusing on crypto assets. The newly established European crypto regulatory framework and the gradual shift in the US towards a more favorable environment have kindled greater interest from traditional institutions in digital assets. The price of Bitcoin has been on a steady upward trend since Trump's re-election as president in November 2024. Trump has appointed several officials who are supportive of cryptocurrency to key regulatory positions and has advocated for stablecoin regulatory reforms, which has boosted market confidence. According to a previous report by Bloomberg, Deutsche Bank stated earlier this month that it is conducting research on stablecoins and various forms of tokenized deposits, including issuing proprietary tokens or joining industry consortia. In addition, the bank is also assessing whether to develop its own tokenized deposit solution for the payments sector.