Deutsche Bank is weeks away from launching an institutional crypto custody platform in Germany, Corporate Bank Co-Head Gerald Podobnik said on October 16, 2026. BaFin granted authorization under the EU’s Markets in Crypto-Assets framework on October 12, according to an interim register maintained by the European Securities and Markets Authority. The bank has not said that the service is live. The offering is limited to corporate and institutional clients and will initially support Bitcoin, Ether, Circle’s USDC and EURC stablecoins, and AllUnity’s EURAU stablecoin. Deutsche Bank will manage clients’ private keys and crypto wallets, while assets held through the service will not have statutory deposit-guarantee protection comparable to bank deposits. The bank applied for a German crypto custody license in 2023 and entered a partnership with digital-asset infrastructure provider Taurus that year. It plans to expand the service into Asian financial centers in 2027 as part of its broader corporate-bank growth strategy.