Deutsche Bank is planning to launch cryptocurrency custody services in 2026

BlockBeats News, July 1st, according to sources familiar with the matter, Deutsche Bank AG plans to launch its digital asset custody service next year (2026) and has invited the technical department of the cryptocurrency exchange Bitpanda to assist in building the service.

Sources said that the bank's corporate banking division first publicly disclosed the custody business plan in 2022 and is currently continuing to work with the Swiss technology provider Taurus SA to advance this project. These sources, discussing confidential plans, requested anonymity. The advancement of this custody service comes as major financial institutions are increasingly focusing on crypto assets. The newly established European crypto regulatory framework and the gradual shift in the U.S. towards a favorable environment have sparked greater interest from traditional institutions in digital assets.

The price of Bitcoin has been steadily rising since Trump's reelection as president in November 2024. Trump has appointed several officials supportive of cryptocurrency to key regulatory positions and has pushed for stablecoin regulatory reforms, boosting market confidence. According to a previous report by Bloomberg, Deutsche Bank stated earlier this month that it is researching stablecoins and various forms of tokenized deposits, including issuing proprietary tokens or joining industry consortia. In addition, the bank is also evaluating whether to develop its own tokenized deposit solution for the payments sector.