- Deutsche Bank plans to launch crypto custody services in Germany and expand to Asian financial centers in 2027.
- The custody offering will initially support Bitcoin, Ether and select stablecoins including USDC, EURC and EURAU.
- A Deutsche Bank spokesperson said regulatory approval is expected in October under MiCA.
Deutsche Bank custody plans are moving closer to launch in Germany, with the bank also preparing a broader push into Asian financial centers in 2027. Reuters reported that Germany’s largest bank is acting as the digital asset economy grows, a trend that Gerald Podobnik linked to hundreds of billions of dollars held in stablecoins. The planned service will start with support for Bitcoin, Ether and selected stablecoins. A spokesperson also said the bank expects regulatory approval in October under the Markets in Crypto-Assets Regulations, while an interim register from the European Securities and Markets Authority showed authorization from Germany’s Federal Financial Supervisory Authority on Monday.
Deutsche Bank custody launch plans
Reuters reported on Friday that Deutsche Bank intends to debut its crypto custody services in Germany. The same report said the bank is looking to take those services into Asian financial centers in 2027 as part of a broader expansion tied to digital assets.
Gerald Podobnik, co-head of Deutsche Bank’s corporate bank, said the fast expansion of the digital asset economy is behind the plan. He specifically pointed to hundreds of billions of dollars held in stablecoins and said the move forms part of Deutsche Bank’s objective to deliver compound annual growth of 8% in corporate banking by 2028.
Assets included in the custody service
According to a Sept. 16 press release, the custody service will initially support Bitcoin and Ether. It will also include select stablecoins, namely Circle USDC, EURC and AllUnity EUR.
The list gives a clearer picture of the first phase of the service as Deutsche Bank prepares the offering for market entry. The bank has not provided further public detail in the source on additional assets beyond Bitcoin, Ether and those named stablecoins.
Deutsche Bank custody and regulatory status
A Deutsche Bank spokesperson told Cointelegraph that the bank expects to receive regulatory approval for the custody offering in October under MiCA. That timeline gives the clearest public indication in the source about when the Germany launch may proceed.
The European Securities and Markets Authority’s interim MiCA register also showed that Deutsche Bank received authorization from Germany’s Federal Financial Supervisory Authority, or BaFin, on Monday. Together, those points indicate that Deutsche Bank custody is progressing through the required regulatory process in Germany.
Expansion plans in Asia
The report said Deutsche Bank plans to expand its custody services across Asian financial centers in 2027. Cointelegraph asked the bank which centers it plans to target first, but had not received a response by the time of publication.
The source does not name the specific Asian markets under consideration. It does, however, connect the expansion plan to the wider growth of digital assets, which Deutsche Bank sees as an important factor in its corporate banking strategy.
Conclusion
Deutsche Bank custody is being positioned as a Germany launch first, followed by a wider move into Asian financial centers in 2027. The bank has tied the plan to continued growth in the digital asset economy, including large stablecoin holdings, while also linking it to an 8% compound annual growth target in corporate banking by 2028. Based on the source, the service will begin with Bitcoin, Ether, USDC, EURC and EURAU. Regulatory progress is also a central part of the story, with Deutsche Bank expecting MiCA approval in October and ESMA’s interim register showing BaFin authorization on Monday.
Disclaimer
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