Deutsche Bank has launched its digital asset custody service after receiving approval from Germany’s Federal Financial Supervisory Authority (BaFin).
The service will initially be available to institutional and corporate clients of the bank’s Corporate Bank and Investment Bank in Europe. Supported assets include Bitcoin, Ether and selected stablecoins and e-money tokens, including USDC, EURC and EURAU. Tokenised financial instruments are expected to be added later.
The solution manages clients’ private keys and digital wallets, with security measures including dedicated hardware, offline storage and multiple approval requirements for key actions.
Deutsche Bank Research estimates that the global tokenised assets market, excluding stablecoins, grew from approximately US$10bn in January 2025 to US$39bn in September 2026.
The bank said further assets could be added, subject to client demand and regulatory and risk management requirements.