Deutsche Bank launches digital asset custody and tokenized funds service

Deutsche Bank has officially launched its digital asset custody platform and entered an agreement to manage tokenized funds, marking a significant expansion of its institutional crypto services.

The new custody service will provide safekeeping for a range of digital assets, including cryptocurrencies and security tokens. The separate agreement focuses on the management of tokenized investment funds, crypto exchange-traded commodities (ETCs), and stablecoins.

The move positions Deutsche Bank, one of Europe’s largest financial institutions, as a direct competitor to specialized crypto custodians and other traditional banks that have entered the digital asset space. It signals continued institutional demand for regulated, bank-grade infrastructure to hold and manage crypto assets.

The launch follows a pilot phase and regulatory approvals, underscoring the bank’s methodical approach to building its digital asset capabilities amid evolving financial market infrastructure.