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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

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Link: Deutsche Bank Has Joined the Ranks of Cryptocurrency Custody   [Copy]
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