Deutsche Bank's digital asset custody service officially launches, initially available to paying clients.

November 11 - According to Reuters, Deutsche Bank announced today that its digital asset custody service has officially launched and begun offering services to paying clients. The service, initially announced in September this year, primarily targets institutional and corporate clients in Europe and supports the custody and storage of digital assets such as Bitcoin and Ethereum.

Paul Maley, Global Head of Trust and Securities Services at Deutsche Bank, stated that the bank's medium-term goal is to build a fully integrated and regulated ecosystem covering digital asset custody, tokenization, and settlement services. The bank previously told Reuters that it plans to expand related services to Asia. In addition, it has signed a memorandum of understanding with its majority-owned asset management company DWS, and the two parties will explore comprehensive business and technical cooperation opportunities in the digital asset sector.