Deutsche Bank prepares to launch Crypto custody service in 2026

#DeutscheBank , the largest bank in Germany, is planning to allow customers to store Bitcoin and other cryptocurrencies starting in 2026. This new crypto custody service will be implemented with technological support from the Austrian company Bitpanda and the Swiss company Taurus.

Previous efforts and future direction

This is not the first time Deutsche Bank has ventured into this field; the bank announced a similar plan in 2020. In 2023, they also submitted an application for a digital asset custody license in Germany and are researching the development of layer-2 blockchain on Ethereum.

In addition to custody services, Deutsche Bank is also considering issuing its own stablecoin or participating in existing projects #stablecoin . This information comes right after Sparkassen-Finanzgruppe, a large group of savings banks in Germany, announced it would offer crypto trading services to its 50 million customers.