Deutsche Bank AG is set to debut its digital asset custody service in 2025 and is working with Bitpanda Technology Solutions, the infrastructure division of the Austrian crypto exchange Bitpanda, to build the platform, according to sources familiar with the matter.
The German banking giant’s corporate banking unit, which first outlined plans for the service in 2022, will continue to collaborate with Swiss firm Taurus SA, a long-time partner in the initiative. Both Deutsche Bank and Bitpanda Technology Solutions declined to comment on the project.
This move signals Deutsche Bank’s deepening involvement in the digital asset space as traditional financial institutions increasingly adopt blockchain-based services. A mix of clearer regulatory frameworks in Europe and renewed momentum in the U.S. has created a favorable climate for institutions entering the crypto market.
The recent rally in Bitcoin, following Donald Trump’s re-election in late 2024, has added to the positive sentiment. With the appointment of crypto-friendly regulators and renewed efforts to regulate stablecoins, the U.S. has become more supportive of digital finance innovation.
In June, Deutsche Bank confirmed it is exploring the use of stablecoins and tokenized deposits. The bank is considering whether to issue its own digital token or participate in a joint industry initiative, according to Bloomberg. It’s also evaluating the development of its own tokenized deposit model for use in payment systems.
Deutsche Bank’s planned custody service will enable institutional clients to store and manage cryptocurrencies and other tokenized assets securely—an increasingly critical function as the digital asset market matures.
The bank’s involvement in a $65 million funding round for Taurus SA in 2023 underscores its long-term commitment to digital finance infrastructure. With its upcoming custody platform, Deutsche Bank is positioning itself as a key player in bridging traditional banking with the rapidly evolving crypto ecosystem.
