- Deutsche Bank is building a digital asset custody platform, set for launch in 2026.
- The bank is partnering with Bitpanda and Swiss-based Taurus SA.
- The plan aligns with the growing institutional interest and evolving crypto regulations.
Germany’s Deutsche Bank AG is preparing to establish its crypto asset custody service in 2026, according to Bloomberg. The service will provide secure storage for cryptocurrencies, such as Bitcoin, and other tokenized assets. It marks a significant step in the bank’s broader digital asset strategy, first announced in 2022.
In preparation, the German bank has selected Bitpanda Technology Solutions, the infrastructure arm of Austrian crypto exchange Bitpanda, to assist in building the custody platform.
Related: Deutsche Bank and Standard Chartered Expand Into U.S. Crypto Market
The bank will also continue its partnership with Taurus SA, a Swiss digital asset infrastructure provider that it previously backed in a $65 million funding round in 2023.
Partnerships Signal Strategic Expansion
Both Bitpanda Technology Solutions and Taurus bring specialized expertise in digital asset custody and tokenization. The custody solution will cater to institutional clients seeking regulated access to crypto markets, including Bitcoin and tokenized financial instruments.
The development comes amid increased demand for secure, compliant digital asset services from global financial institutions.
Regulatory Environment Supports Institutional Entry
Deutsche Bank’s crypto push is supported by new digital asset regulations in the European Union and a more crypto-friendly environment in the United States since President Donald Trump’s reelection.
The bank’s initiative follows a broader wave of interest among major financial players such as JPMorgan, Standard Chartered, and BNY Mellon, all of which have launched or are developing crypto custody services.
Other Crypto Projects Deutsche Bank Is Working On
This new custody service is just one piece of Deutsche Bank’s larger digital asset strategy. Earlier in June, Deutsche Bank announced that it was examining stablecoins and tokenized deposits and may explore issuing its town oken. The bank is also assessing the development of a tokenized deposit solution for payments.
Related: Deutsche Telekom Plans to Begin Bitcoin Mining: Details Undisclosed
Meanwhile, Deutsche Bank has been venturing into crypto with different services. In December 2024, the bank announced the development of an Ethereum Layer 2 network using ZKsync under Project Dama 2. The project is aimed at improving transaction efficiency and regulatory compliance.
Linked to Singapore’s Project Guardian, the solution addressed issues such as payment risks and blockchain forks. A test version was launched in November, with full deployment pending regulatory approval.
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