Cointelegraph reported on November 11, 2026 that Germany’s largest lender, Deutsche Bank, had launched a crypto custody service for institutional and corporate clients, according to an announcement shared with the outlet. The report placed the launch on Wednesday.
Under the service as described, Deutsche Bank is the custodian for those clients. The offering is bank custody and transfer, not client self-custody. Initial support covers Bitcoin (BTC), Ether (ETH) and selected stablecoins: Circle’s USDC and EURC, and AllUnity’s EURAU. That list is the stated asset scope. The report does not describe wallet balances, a reserve attestation, client liabilities, or how claims would rank if the custodian failed.
On the regulatory record cited in the piece, Deutsche Bank’s listing for crypto custody and transfer services in the EU Markets in Crypto-Assets (MiCA) register is dated October 12 and names Germany’s BaFin as regulator. The bank had said on September 16 that it planned to offer the service to institutional and corporate clients in Europe, pending regulatory clearance. A dated register entry and a named supervisor identify the authorization channel reported here. They do not, on these facts, establish solvency, the size of obligations to clients, insurance, audit scope, or insolvency treatment.
Gerald Podobnik, co-head of Deutsche Bank’s corporate bank, told Reuters in October that the bank planned to launch in Germany before expanding to Asian financial centers in 2027. Deutsche Bank partnered with crypto infrastructure provider Taurus in 2023 to develop custody services after applying for a digital asset custody license in Germany. Those are development and sequencing facts. The report does not describe the key-management split, contractual duties to clients, or operational controls behind the Taurus partnership.
Separately, the bank signed a memorandum of understanding with Deutsche Asset Management, its majority-owned asset manager, to explore collaboration on tokenized money market funds, crypto asset exchange-traded commodities, and stablecoins. An agreement to explore is not a launched product. The report does not identify yield sources, token structures, or which party would owe what under any of those ideas.
Original report: Cointelegraph, November 11, 2026
