Deutsche Bank Launches Digital Asset Custody Service for BTC, ETH

Deutsche Bank has launched its digital asset custody service, supporting Bitcoin, Ethereum and other digital assets. According to Foresight News, Reuters reported that the service is available to paying clients. The bank announced in September that it planned to offer custody and storage services to institutional and corporate clients in Europe, subject to regulatory approval. Paul Maley, Deutsche Bank’s global head of trust and securities services, said the bank aims in the medium term to provide an integrated, regulated ecosystem for digital asset custody, tokenization and settlement. Deutsche Bank has previously said it plans to expand the service to Asia. It has also signed a memorandum of understanding with its asset management subsidiary, Deutsche Asset Management, formerly DWS, to explore commercial and technical cooperation in digital assets.