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Deutsche Bank Launches Bitcoin & Ethereum Custody Service

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Deutsche Bank Launches Bitcoin & Ethereum Custody Service
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Deutsche Bank has rolled out a digital asset custody service. This means Institutional and Corporate clients can store Bitcoin and Ethereum. It is now accepting paying clients.

The service comes after the bank announced in September that it would be launching a range of regulated crypto custody solutions across Europe. The new service allows Institutional and Corporate clients to custody digital assets within a bank environment.

Clients can now store supported digital assets such as Bitcoin and Ethereum using Deutsche Bank’s custody infrastructure. Both of these digital assets are some of the most established cryptocurrencies and are key gateways for Institutions entering the digital asset space.

An Example Of Expanding Into Non Banking Areas

This is part of a larger strategy from Deutsche Bank to look into non-banking areas. The bank has been looking into the tokenization and digital payment space.

Digital asset custody is a vital part of the digital assets space for Institutional investors. By launching the service, Deutsche Bank is now in a position to offer services to businesses and financial institutions who want access to the cryptocurrency markets.

Banks Are Looking To Move Further Into The Space

This is also part of a wider trend where traditional financial institutions are moving further into digital assets. Instead of just researching or entering partnerships, banks are looking to offer services where customers can engage with cryptocurrencies.

This service gives Deutsche Bank another gateway into the digital asset space. The bank can now offer custody for Bitcoin and Ethereum giving them another step to integrate crypto-related services into their business.

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