Germany · CoinDesk
Deutsche Bank targets Asia crypto custody expansion in 2027 as German launch nears
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Deutsche Bank (DB) plans to bring its crypto custody service to Asia in 2027, extending its push into digital assets as it prepares to launch the service in Germany within weeks.
Key facts
- Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
- Podobnik said the expansion is part of Deutsche Bank’s broader plan to achieve roughly 8% compound annual revenue growth in its corporate bank from 2025 to 2028
- The bank received authorization from Germany’s financial regulator, BaFin, under the EU’s Markets in Crypto-Assets (MiCA) rules on October 12, according to the European Securities and Markets
- Deutsche Bank (DB) plans to bring its crypto custody service to Asia in 2027, extending its push into digital assets as it prepares to launch the service in Germany within weeks
Summary
Deutsche Bank plans to bring its crypto custody service to Asia in 2027 and launch it in Germany within weeks, its corporate bank co-head told Reuters. The service will initially support bitcoin, ether and the stablecoins USDC, EURC and EURAU, with the bank managing clients’ wallets and private keys. The bank also plans stablecoin conversion, tokenized deposits and digital bond issuance as part of a target of roughly 8% annual revenue growth by 2028. The German banking giant, citing the firm’s co-head, also plans to offer stablecoin conversion, tokenized deposits and services that help clients issue digital bonds and other blockchain-based securities.