Current outcome
Deutsche Bank has received BaFin authorization under MiCA and is preparing to launch crypto custody for institutional clients in Germany, initially supporting bitcoin, ether and select stablecoins including USDC, EURC and EURAU, with plans to expand into Asian financial hubs in 2027; previously outlined fiat-to-stablecoin conversion, tokenized deposits and digital bond issuance remain to follow.
Progress timeline
4 material updates- #01
Deutsche Bank plans bitcoin, ether custody for institutional clients in Europe
Deutsche Bank plans to launch European digital asset custody this year, initially supporting bitcoin, ether, and select stablecoins for institutional clients.
Source evidence: The Block
- #02
Deutsche Bank close to debuting crypto custody for institutions
Deutsche Bank is close to debuting its crypto custody service and will support stablecoins such as USDC and EURC.
State after update: Deutsche Bank is close to launching crypto custody for institutional clients, supporting bitcoin, ether, and stablecoins such as USDC and EURC.
Source evidence: CoinDesk
- #03
Deutsche Bank Plans Crypto Custody Launch Within Weeks, Eyes Asia Expansion in 2
New: Deutsche Bank plans to launch crypto custody within weeks, with fiat-to-stablecoin conversion, tokenized deposits and digital bond issuance to follow, plus expansion into Asian financial hubs in 2027.
State after update: Deutsche Bank plans to launch crypto custody for institutional clients within weeks, initially supporting bitcoin and ether, with fiat-to-stablecoin conversion, tokenized deposits and digital bond issuance to follow, plus expansion into Asian financial hubs in 2027.
Source evidence: wublockchainenglish
- #04
Deutsche Bank prepares German crypto custody launch, eyes Asia: Report
New: per ESMA's interim MiCA register, Deutsche Bank received crypto custody authorization from Germany's BaFin on Monday; the initial launch is specified for Germany and AllUnity EUR (EURAU) is included among initial stablecoins; the bank targets 8% compound annual growth in corporate banking by 2028.
State after update: Deutsche Bank has received BaFin authorization under MiCA and is preparing to launch crypto custody for institutional clients in Germany, initially supporting bitcoin, ether and select stablecoins including USDC, EURC and EURAU, with plans to expand into Asian financial hubs in 2027; previously outlined fiat-to-stablecoin conversion, tokenized deposits and digital bond issuance remain to follow.
Source evidence: Cointelegraph