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I came across this news about Germany’s largest bank tonight
Deutsche Bank
Ticker: DB
Crypto custody for corporate and institutional clients
Officially opened to paying clients today
Initially supports BTC and ETH
As well as USDC, EURC, and EURAU
The bank will custody wallets and private keys
Retail clients are not included yet
Application filed in June 2023
Took about 41 months
The license covers about 30 European Economic Area countries
Also signed a digital asset cooperation memorandum with its asset management arm on the same day
Asian financial centers will have to wait until 2027 for the rollout
A major bank is making custody a corporate service
I’ll make a note of this