NewsletterDeutsche Bank to Launch Crypto Custody Services In 2026
Highlights
- Deutsche Bank plans to launch a crypto custody service with help from Bitpanda.
- The financial giant will also reportedly continue to work with Taurus SA on the service.
- This comes just weeks after the largest US bank JP Morgan revealed plans to pilot a JPMD token on Base.
Deutsche Bank is the latest major financial institution to make inroads into the cryptocurrency world. The largest German Bank is reportedly looking to launch its crypto service as early as next year after years of working on this move.
Deutsche Bank To Partner With Bitpanda For Crypto Service
According to a Bloomberg report, the financial giant has tapped crypto exchange Bitpanda’s technology unit for the launch of its crypto custody service next year. Meanwhile, the report revealed that the Bank’s corporate bank will continue to work with Swiss technology provider Taurus SA on its custody plans, which it first revealed in 2022.
Deutsche Bank’s alleged plans come as major financial institutions continue to embrace the crypto industry. As CoinGape reported, the US’s largest Bank, JP Morgan, plans to issue a JPMD coin, which it will pilot on the Ethereum layer-2 network Base.
Meanwhile, Bloomberg reported yesterday that Sparkassen, another German financial giant, plans to roll out its crypto trading services starting next summer. The move from Deutsche Bank and Sparkassen will boost institutional adoption, considering the array of clients that these institutions serve.
It remains unknown if the Bank’s crypto custody services will also focus on certain cryptocurrencies. The largest crypto by market cap, Bitcoin, is expected to be included in this arrangement. Earlier this year, Deutsche Bank made a case for Bitcoin, stating that the US Strategic BTC Reserve could offset national debt.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Do Kwon Faces Up to 12 Years in Prison Over ‘Colossal’ Role in $40B TerraUSD Collaps
- ProShares Drops 3x Bitcoin, Ethereum, XRP ETF Plans After SEC Pushback
- Bitcoin Eyes Fresh Demand as Indiana Advances Bill for Crypto Investments
- Crypto Bill Markup Unlikely This Month Amid DeFi, Stablecoin Yield and Conflict Disputes, Expert Says
- Breaking: U.S. PCE Inflation Rises To 2.8%, Bitcoin Falls
- XRP Price Prediction As Spot ETF Inflows Near $1 Billion: What’s Next?
- Solana Price Outlook: Reversal at Key Support Could Lead to $150 Target
- Is Cardano Price at Risk of a 50% Crash Ahead of the Midnight Launch?
- Chainlink Price Prediction as Reserves Pass 1M LINK – Is $20 Next?
- Ethereum Price Breaks Out of Falling Wedge: Next Target Now Set at $5K
- Is ZCash Price Set for a Bigger Rally After Its 10% Surge on the Bitget Listing?
