German Bank (DB) Plans to debut in encrypted surveillance services next year Bloomberg reported Tuesday.
Germany’s largest bank has invited cryptocurrency exchange Bitpanda to help build products, the report said.
Germany’s previous participation in crypto-custody was mainly through Switzerland’s custody of Taurus, and German banks were all investor and client. It is unclear how this relationship develops if Germany begins to provide its own services internally.
The bank’s other recent crypto initiatives are focused on the Stablecoin space, its asset management subsidiary DWS plans to issue euro stable As part of a joint venture with stream traders and the Galaxy (glxy).
Deutsch did not immediately respond to a request for comment, and Coindesk declined to comment when contacted by Coindesk.
Read more: Deutsche Bank’s DWS, Galaxy, Mobiles Risk Introduction to Germany’s Regulated Stablecoin
