BaFin (Germany)

Deutsche Bank launches digital asset custody for institutional and corporate clients after BaFin approval

Deutsche Bank says it has officially launched its digital asset custody solution for institutional and corporate clients in Europe, having achieved regulatory approval from Germany's Federal Financial Supervisory Authority (BaFin). The service is initially available to clients of its Corporate Bank and Investment Bank, including corporates, asset managers, hedge funds, custodians, brokers and sovereign institutions, and initially supports Bitcoin and Ether together with selected stablecoins or e-money tokens such as USDC, EURC and EURAU; tokenised financial instruments are set to be added at a later date. The bank manages private keys and wallets on clients' behalf, with multi-person approvals and offline cold storage.

Deutsche Bank