Germany’s largest bank, Deutsche Bank, reportedly plans to allow its customers to store cryptocurrencies for next year.
Deutsche Bank plans to launch digital asset custody services in 2026 with Austria-based Bitpanda Crypto Exchange’s technology arm Report Tuesday.
The development of encrypted monitoring services will also involve Taurus, a Swiss technology provider backed by Deutsche BankAccording to Bloomberg, sources familiar with the matter were cited.
If confirmed, Deutsche Bank’s latest plan will mark the latest attempt by banks to enter the cryptocurrency storage market, as it reveal This ambition is in 2020.
A large number of participation in cryptocurrencies
Deutsche Bank shows growing interest in cryptocurrencies in recent years
In early June, Sabih Behzad, head of digital assets at Deutsche Bank, explain Banks are considering entering Stablecoin Marketplace, including issuing your own Stablecoin or joining Stablecoin projects.
“We can certainly see the momentum of Stablecoins and a regulatory support environment, especially in the United States,” Behzad said.
“Banks have a wide variety of options to work in the Stablecoin industry – from working as a reserve manager to issuing their own Stablecoin alone or in consortiums.”
In addition, Deutsche Bank reportedly evaluated whether it has developed its own token deposit solution for payments.
Not the first effort to start cryptocurrency
At the end of last year, Deutsche Bank is reportedly developing It uses ZKSYNC technology to layer 2 (L2) blockchain on Ethereum.
Deutsche Bank says plans in 2023 Work with Taurus to launch crypto custody options soon Apply for a digital asset guardianship license In Germany.
Related: Crypto cards outperform banks in Europe’s micro spending: Report
So Deutsche Bank has Previously worked with Bitpanda Improvements have been made in cryptocurrency payments on crypto exchanges since at least June 2024.
When Cointelegraph contacted Deutsche Bank, there was no immediate response to a request for comment. Bitpanda refused to confirm or deny the report.
The news follows another major German bank, Sparkassen-Finanzgruppe, which on Tuesday Announced plans to introduce crypto trading services Give it 50 million customers.
Magazine: Crypto wants to overthrow the bank and is now in a fight at Stablecoin
