Deutsche Bank’s crypto asset custody service is officially operational, initially supporting five assets: BTC, ETH, USDC, EURC, and EURAU. The service is initially aimed at European corporate and institutional clients. The bank will custody their wallets and private keys and provide asset transfers. (Previously: Deutsche Bank to launch institutional crypto asset custody service! Awaiting MiCA license in October, initially targeting BTC, ETH, and USDC) (Background: Germany’s largest bank, Deutsche Bank, to launch crypto custody and asset tokenization services in partnership with Taurus SA) Deutsche Bank’s digital asset custody service is now operational. The official product page lists the assets supported at launch: Bitcoin (BTC), Ether (ETH), and three stablecoins—USDC, EURC, and EURAU. Corporate and institutional clients can entrust their assets to the bank for safekeeping. Reuters reported on November 11 that Deutsche Bank confirmed it had begun onboarding paying clients for the service. From announcing the plan in September and awaiting regulatory approval to launching the service, Deutsche Bank’s crypto custody business has moved from preparation to operation. ### Starting in Germany, the service is aimed at European clients—not retail investors The service is currently available in Germany and, subject to applicable regulations, serves clients across Europe. The bank’s website lists its intended customers as institutional investors in its corporate banking division, companies, government and sovereign entities, and wealth managers. In its announcement on September 16, Deutsche Bank specified that the service would not initially be available to retail customers. Clients must still meet the bank’s screening, due diligence, and risk management requirements to join. ### The bank manages private keys; MiCA registration covers custody and transfers Clients can access the service through Deutsche Bank’s Autobahn platform or corporate banking portal. The bank manages digital wallets and private keys, safeguards designated assets, and carries out transfers to third parties, reducing the need for clients to build their own custody systems. The platform uses hardware security modules (HSMs) to protect private keys and includes hot and cold wallet environments, multi-factor authentication, and customizable transfer approval workflows. Client assets are held separately, while critical operations require multiple approvals and a separation of duties. The technical groundwork dates back to 2023. That September, Swiss digital asset infrastructure company Taurus announced a global partnership with Deutsche Bank, under which the bank would use Taurus’s custody and tokenization technology to build digital asset services. Registration records from the European Securities and Markets Authority (ESMA) show that on October 12, Deutsche Bank registered under the notification procedure in Article 60 of the EU Markets in Crypto-Assets Regulation (MiCA), under the supervision of Germany’s BaFin. The service covers the custody and administration of crypto-assets on behalf of clients, as well as the transfer of crypto-assets on their behalf. ### Medium-term plans extend to tokenization and settlement Deutsche Bank sees custody as the foundation of its digital asset business. In the medium term, it aims to integrate custody, tokenization, and settlement to create a regulated service ecosystem. For now, the service provides asset custody and transfers; tokenized financial instruments are part of its future plans. On the same day, the bank also signed a memorandum of understanding with its asset management subsidiary, Deutsche Asset Management. Previously known by the DWS brand, the company will explore commercial and technological collaborations in the digital asset space with the bank, further connecting the bank’s custody infrastructure with its asset management business. Related articles Traditional banks enter the blockchain space: Deutsche Bank to launch crypto asset custody in 2026, targeting companies and institutional investors Traditional bank enters Layer 2: Deutsche Bank builds on ZKsync and has tested multiple use cases Deutsche Bank’s EURAU euro stablecoin launches: MiCA and German approvals secured—will it reshape Europe’s payments landscape? BNY Mellon expands its partnership with Ripple! XRP and RLUSD added to custody, while on-chain trade finance is being tested This article, “Deutsche Bank’s crypto custody service goes live! Supports five assets, including BTC and ETH,” was first published on BlockTempo (動區動趨, the most influential blockchain news outlet).