Deutsche Bank plans to expand crypto custody to Asia by 2027, with German service launching soon.

PANews October 19 news: Deutsche Bank plans to launch a crypto asset custody service, allowing corporate and institutional clients to hold and transfer Bitcoin, Ethereum, as well as stablecoins such as USDC, EURC, and EURAU, with the bank responsible for security technologies including wallets and private keys. According to Reuters, the German service will launch within weeks and still requires regulatory approval; BaFin authorized it under MiCA on October 12. The bank plans to expand the service to Asia in 2027, with the specific preferred regions not disclosed.