THE BLOCK · 2026-11-11 11:46 UTC

Deutsche Bank goes live with digital asset custody service, signs asset management deal

Deutsche Bank launched its Digital Asset Custody service, which lets corporate and institutional clients in Europe hold bitcoin, ether, USDC, EURC, and EURAU, with the bank managing wallets and private keys. The bank had announced the plan in September, pending regulatory approval, and the service now enables holding assets and transfers to other parties. Deutsche Bank also signed a memorandum of understanding with Deutsche Asset Management, which had €1.22 trillion in assets under management as of Sept. 30, to explore tokenized money market funds, crypto-asset ETCs, and stablecoins.

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