German financial institution Deutsche Bank is reportedly making preparations for the launch of a digital asset custody platform in 2026.
Collaborative Efforts
In a development reported by Bloomberg, which cited unnamed sources, Deutsche Bank is partnering with Bitpanda’s technology division to support the rollout. The initiative also involves Swiss digital asset infrastructure firm Taurus SA, which Deutsche Bank previously supported through a USD 65 million funding round in February 2023 and collaborated with again in September of that year.
Strategic Partnerships
The bank’s corporate division aims to offer institutional-grade secure storage for cryptocurrencies like Bitcoin and Ethereum. Additionally, Deutsche Bank has a long-standing relationship with Bitpanda, having partnered on crypto payments infrastructure earlier this year in June 2024. This collaboration enabled German users of Bitpanda to conduct real-time payments, enhancing transaction efficiency and security while boosting liquidity.
Regulated and Scalable Solutions
The partnership with Taurus SA will enable Deutsche Bank to expand its digital asset custody capabilities through regulated and scalable platforms designed for institutional use. This move aligns with the bank’s strategic goals of providing secure storage solutions for cryptocurrencies.
