Express

Deutsche Bank Has Joined the Ranks of Cryptocurrency Custody

Amy Liu

Summary: According to a report from the World Economic Forum, Deutsche Bank has joined the ranks of cryptocurrency custody. The Deutsche Bank Digital Asset Custody prototype aims to develop “a fully integrated custody platform for institutional clients and their digital assets providing seamless connectivity to the broader cryptocurrency ecosystem,” according to the report. The digital asset ...

According to a report from the World Economic Forum, Deutsche Bank has joined the ranks of cryptocurrency custody.

The Deutsche Bank Digital Asset Custody prototype aims to develop “a fully integrated custody platform for institutional clients and their digital assets providing seamless connectivity to the broader cryptocurrency ecosystem,” according to the report.

The digital asset custody platform would be launched in stages. In terms of a business model, the bank would start out collecting custody fees, it said, later charging fees for tokenization and trading.

The bank says it would also provide “value-added services such as taxation, valuation services and fund administration, lending, staking and voting, and provide an open banking platform to allow onboarding of third-party providers.” 

By Amy Liu

Last Update:

Tags: ,,
Link: Deutsche Bank Has Joined the Ranks of Cryptocurrency Custody   [Copy]
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 7 hours ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 2 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 2 days ago
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 5 days ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 8 days ago
  • You need to login to comment.