🚨 GERMANY'S LARGEST BANK NOW HOLDS CRYPTO FOR PAYING CLIENTS
Deutsche Bank's digital asset custody service went live today, Nov 11 (Reuters). $BTC, $ETH, USDC, EURC and EURAU, held in bank-managed wallets for institutional and corporate clients in Germany, with cross-border service across Europe.
The bank first announced the plan on Sept 16, and BaFin logged its MiCA authorization on Oct 12. Asia expansion is planned for 2027, and the bank also signed an MoU with Deutsche Asset Management (DWS) to explore digital-asset collaboration.
🔥 Why it matters: custody is the plumbing that lets corporates and asset managers actually hold crypto. But custody is not trading, and the bank disclosed no client count or assets held, so this is infrastructure going live, not a demand number. Crypto held this way is also not covered by deposit protection.
👀 What to watch: first disclosed clients, the 2027 Asia rollout, and whether the DWS MoU turns into a real product.
Is this the year TradFi stops watching crypto and starts holding it?
Not financial advice. DYOR.
#crypto #DeutscheBank #Bitcoin #MiCA
Deutsche Bank's digital asset custody service went live today, Nov 11 (Reuters). $BTC, $ETH, USDC, EURC and EURAU, held in bank-managed wallets for institutional and corporate clients in Germany, with cross-border service across Europe.
The bank first announced the plan on Sept 16, and BaFin logged its MiCA authorization on Oct 12. Asia expansion is planned for 2027, and the bank also signed an MoU with Deutsche Asset Management (DWS) to explore digital-asset collaboration.
🔥 Why it matters: custody is the plumbing that lets corporates and asset managers actually hold crypto. But custody is not trading, and the bank disclosed no client count or assets held, so this is infrastructure going live, not a demand number. Crypto held this way is also not covered by deposit protection.
👀 What to watch: first disclosed clients, the 2027 Asia rollout, and whether the DWS MoU turns into a real product.
Is this the year TradFi stops watching crypto and starts holding it?
Not financial advice. DYOR.
#crypto #DeutscheBank #Bitcoin #MiCA
