Home Deutsche Bank Applies for Crypto Custodian License

Deutsche Bank Applies for Crypto Custodian License

Share
Share

Deutsche Bank Applies for Crypto Custodian License

Deutsche Bank, one of Germany’s leading financial institutions, has taken an important step towards embracing the digital asset revolution by seeking for a licence to provide cryptocurrency custody services.

During a conference, the bank’s commercial banking section, led by David Lynne, acknowledged the application, expressing a commitment to expanding their digital assets and custody business. The application has been submitted to Bafin, Germany’s securities regulator.

The bank hopes to position itself as a trustworthy custodian for digital assets by gaining this licence, which will allow it to provide a secure storage option for cryptocurrencies and other digital assets.

This strategic approach is consistent with Deutsche Bank’s overall goal of increasing fee income in its corporate banking segment. As the demand for cryptocurrency grows, the bank sees an opportunity to generate revenue through digital asset-related services.

(With inputs from Shikha Singh)

Share

Latest News

Bybit Secures Full Dubai License To Offer Regulated Crypto Services
News

Bybit Secures Full Dubai License To Offer Regulated Crypto Services

Cryptocurrency exchange Bybit has obtained a full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). It is...

Switzerland’s First Retail Spot Bitcoin ETF Targets November Launch
News

Switzerland’s First Retail Spot Bitcoin ETF Targets November Launch

Switzerland is set to offer its first-ever spot Bitcoin exchange-traded fund (ETF) for retail investors to trade in November 2026. The Swiss...

Anchorage Enables SharpLink’s $200M Ethereum Deployment On Blockchain
News

Anchorage Enables SharpLink’s $200M Ethereum Deployment On Blockchain

Sharplink, a Nasdaq-listed company that owns Ethereum (ETH) as the company’s primary treasury asset, has executed a $200 million on-chain deployment that...

SoFi Launches Tokenized Bank Deposits Offering A Variable 4.4% Yield
News

SoFi Launches Tokenized Bank Deposits Offering A Variable 4.4% Yield

SoFi Technologies has launched SoFi Earn (SOFIE), a product offering a variable yield of 4.4% on tokenized bank deposits. Available to SoFi...

Related Articles

Reasons Why The U.S. Tops AI Agent Commerce

The concept of agentic commerce where agents can purchase digital services and...

Do You Need A Cryptocurrency Trading Bot?

The crypto market never closes. Bitcoin can move while you are sleeping,...

How To Use Dexscreener To Find Crypto Gems

If you have ever looked at a new crypto token and wondered...

How To Build AI Agents From Scratch

Artificial Intelligence (AI) is no longer just about answering questions since AI...