
The German bank is deploying a digital asset custody offering developed in partnership with the Swiss company Taurus.
AI-generated summary
Deutsche Bank filed an application with BaFin in June 2023 to carry out a cryptoasset custody business. The MiCA Regulation requires prior notification to authorities for these services.
Deutsche Bank has opened its cryptocurrency custody service to companies and institutional investors, according to information released today, November 11. The German bank has been working on this offer since 2023, intended for professional clients who wish to delegate custody of their digital assets. Commercial go-live and list of supported assets are yet to be confirmed.
The key points of this article
The custody offer would target companies and institutional investors.
Deutsche Bank has been working on this project since 2023 and has partnered with Swiss provider Taurus.
Custody consists of securing the private keys that allow crypto-assets to be transferred.
MiCA provides a notification procedure for banks wishing to offer this type of service.
Deutsche Bank has been working on crypto custody since 2023
Deutsche Bank filed an application in June 2023 with BaFin, the German financial supervisor, to carry out cryptoasset custody activity. The same year, it partnered with Taurus, a Swiss provider of custody and tokenization solutions. This partnership gave the bank technical support to develop its offering for professional clients.
For an asset manager or a company, the interest of such a service is to delegate the management of private keys, which make it possible to authorize transfers. The curator must protect these keys and supervise the instructions received from the client. The ability to buy or sell cryptocurrencies is a separate service. The details of the functions accessible at Deutsche Bank remain to be confirmed.
MiCA supervises the arrival of banks in the crypto custody market
Article 60 of the MiCA Regulation provides for a specific procedure for already authorized credit institutions. A bank that wishes to provide crypto-asset services must provide the required information to its competent authority at least 40 business days before offering them for the first time. This notification concerns the services that the establishment intends to provide.
In Germany, Commerzbank had already obtained custody approval in November 2023. For professional clients who compare these offers, the choice of custodian also depends on practical criteria, such as the assets it agrees to hold, the transfer procedures and the countries in which the service is accessible.

The CFTC has warned the Kalshi platform of possible lawsuits related to procedural errors in filing new contracts. Kalshi acknowledges administrative shortcomings on some of its products while cooperating with the regulator.

Bitmine Immersion Technologies posted a net loss of $6.31 billion for its fiscal year ending August 31, 2026, weighed down by the revaluation of its cryptoassets, despite continued purchases of ether.

SoftBank Group announced a net loss of $7 billion for the July-September 2026 quarter, a turnaround linked to charges on data center equipment and soaring financing costs.

Binance closed its doors to MEXC on Tuesday, refusing any withdrawals to the platform and holding deposits for compliance review, after the US Treasury designated MEXC as a major money laundering concern. OKX and Gate have taken similar steps. The Treasury file puts the suspicious transactions made by MEXC between May 2021 and May 2026 at $16.7 billion.

US inflation in October (+0.4% over one month) caused bitcoin to fall below $73,000, its lowest since August 20. Bond yields are back above 5%, Bitcoin ETFs are seeing massive outflows and BTC is losing 12% over one month, 42% below its October 2025 record.

The Chainalysis report on Western Europe published on November 9 reveals that balances in stablecoins held on personal wallets jumped by 192% in France, in parallel with the tension on the ten-year OAT. The French crypto market reaches $215.8 billion, and stablecoins now represent 54.2% of withdrawals from centralized platforms. MiCA and the European passport also benefit Spanish exchanges, with flows up 79.1%.