German based Deutsche Bank, intends to introduce a digital asset custody platform in 2026. To construct the necessary infrastructure, it will collaborate with Bitpanda and Taurus, two major technology suppliers.
The custody service, led by Deutsche Bank’s corporate banking division, was officially announced in 2022. The German banking giant is collaborating with Bitpanda Technology Solutions, the tech arm of Vienna-based crypto exchange Bitpanda- to support the initiative.
Additionally, it will maintain its ongoing partnership with Swiss digital asset infrastructure firm Taurus SA.
While representatives from both Deutsche Bank and Bitpanda declined to comment publicly, sources indicate that the custody offering is part of a broader push by major financial institutions to engage with digital assets, as regulatory clarity improves in both Europe and the United States.
The Deutsche bank recently confirmed its exploring focus on the use of stablecoins amid Genius Act Buzz in the USA. Options under consideration include issuing a proprietary token or joining existing industry-wide tokenization efforts.
President Donald Trump’s reelection in November 2024 created a favourable U.S. policy environment, which further accelerated the project. His administration has strengthened laws pertaining to stablecoins and recruited a number of authorities who are supportive of cryptocurrencies, which has further fuelled a bullish trend in Bitcoin and the larger digital asset markets.
Once the custody platform goes live, Deutsche Bank will join the increasing number of conventional financial institutions providing institutional clients with safe digital asset safekeeping.
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