Deutsche Bank to Launch Crypto Custody Service in 2026 💼💰
Deutsche Bank is set to debut its cryptocurrency custody service in 2026, partnering with Bitpanda and Swiss tech firm Taurus to develop the service. This move signals a growing interest from major banks in digital assets, especially as new European regulations and a more pro-crypto environment in the U.S. fuel the shift.
Expansion in Digital Assets 📈
In addition to the custody service, Deutsche Bank is exploring other digital asset initiatives, such as issuing its own stablecoin or joining a larger tokenized project. As Sabih Behzad, Head of Digital Assets at Deutsche Bank, said, “We can see the momentum of stablecoins in a supportive regulatory environment, especially in the U.S. Banks have many options in the stablecoin space.”
Big Banks and Stablecoins 💳💵
The bank's efforts reflect a wider trend of traditional financial institutions entering the stablecoin market, as seen with J.P. Morgan Chase, Bank of America, and Citigroup exploring digital dollar initiatives. The goal is to merge blockchain efficiency with the stability of fiat currencies. 🚀
As Bentzi Rabi, co-founder of Utila, noted, "Everyone will enter the stablecoin era in the end." Banks believe they are best positioned to bring digital currencies into the mainstream. 🏦
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