Deutsche Bank is preparing to launch its own Crypto Custody Service in 2026 with support from Bitpanda Technology Solutions, the technology division of Austria Exchange. The report comes from Bloomberg. Bloomberg claims he spoke to people who know the plan firsthand.
The storage system is developed by the corporate sector of the bank, and it’s not the first time they’ve spoken about it. The first announcement regarding the transition to Crypto Custody came in 2022, but this is the first real advance that has been reported since.
The bank is also sticking to Taurus SA, an existing high-tech partner, a Swiss company that provides tools for managing tokenized assets. Taurus is already involved in Deutsche’s previous blockchain project and will continue to play a key role in this. Both Bitpanda and Taurus are expected to deliver backends by next year that allow banks to detain fully institutional crypto.
Deutsche Bank expands to Stablecoins and payment tokens
In addition to launching custody, Deutsche is currently studying how it can be involved in Stablecoins and tokenized deposits. We are also considering issuing our own tokens and taking part in industry-wide projects focusing on blockchain-based payments.
The bank is also reportedly investigating whether tokenized sediment products can be built in-house. European crypto rules, in particular, have become more clear under MICA, and the US will move towards a more welcoming attitude after Donald Trump returned to the White House in November.
The Trump administration has promoted the Stubcoin Act, which appoints crypto-friendly figures to the finest financial roles and makes it easier for traditional banks like Germany to make it easier without legal risk. These moves have prompted Bitcoin rebounds rapidly, bringing out other digital assets. The new climate is one of the reasons why major financial companies are finally moving beyond exploration to development.
The partnership with Taurus is more than just technical. In 2023, Germany was part of the Geneva-based company’s $65 million investment round, supporting it alongside other major players. That funding was not just fairness. Furthermore, we have solidified our long-term relationships and are now beginning to develop full-scale products.
