Deutsche Bank to Launch Crypto Custody Service in 2026

Deutsche Bank, a German multinational investment company, plans to start its cryptocurrency custody service in 2026. According to a Bloomberg report citing sources familiar with the matter, the bank will collaborate with the Austrian cryptocurrency exchange Bitpanda to develop this service. This move is integral for Deutsche Bank’s effort to grow in the digital asset market.

Deutsche Bank Pushes Effort to Grow in the Crypto Market

Sources also confirmed that Bitpanda’s technology team is assisting in building the bank’s storage system for digital assets. 

This collaboration aims to provide safe storage and management for institutional clients who hold cryptocurrencies and other digital assets. Furthermore, the custody service will meet Germany’s strict regulatory standards, ensuring a high level of security and transparency.

Notably, Deutsche Bank’s long-time partner, Taurus, is also involved in this initiative. They will help develop and implement the custody platform. Together, Bitpanda and Taurus aim to create a strong and scalable custody solution. Meanwhile, Deutsche Bank’s new launch comes amid a growing need for regulated crypto services in Europe. 

Deutsche Börse Enters Into the Crypto Custody Sector 

In a similar vein, Clearstream, a subsidiary of Deutsche Börse, entered the crypto industry. The company launched a new custody service for institutional investors, enabling them to invest in the digital asset market. This move marked a significant step for Clearstream in strengthening its position in the cryptocurrency market.

As reported by TheCoinRise, this service initially supports Bitcoin (BTC) and Ethereum (ETH). Later on, more cryptocurrencies will be added. It is worth noting that institutional clients now have access to the new service, which provides custody and settlement for digital assets. Clearstream relies on its majority-owned subsidiary, Crypto Finance, to ensure secure handling to manage sub-custody operations. 

Beyond Compliance: Deutsche Bank’s Growing Crypto Influence

Interestingly, the financial giant’s ambition is growing daily. The company has actively forged strategic partnerships in the crypto sector. Recently, it joined forces with Keyrock to enhance the crypto-native market maker’s global services and expand its reach in key regions.

Likewise, Deutsche Bank has consistently advocated for blockchain technology to address financial sector challenges, such as margin compression. In 2019, the financial bank joined JPMorgan’s blockchain-based Interbank Information Network. The move reinforced the bank’s role as a leader in adopting blockchain to enhance efficiency and transparency in banking operations.