Deutsche Bank seeks approval for institutional crypto custody launch

Deutsche Bank is waiting for regulatory approval before introducing institutional custody services for selected digital assets, according to Cointelegraph. The planned offering would initially cover Bitcoin, Ether and a limited group of stablecoins. Germany’s largest bank intends to expand the service later to include tokenized assets, although the source material does not provide a timetable for either the approval or the broader rollout. The proposed custody business would give institutional clients access to a bank-backed service for holding the specified crypto assets, subject to regulatory clearance. The development places Bitcoin, Ether and selected stablecoins at the center of Deutsche Bank’s initial digital-asset strategy, with tokenized assets identified as a subsequent area of expansion.