Germany's largest bank, Deutsche Bank, reportedly plans to launch crypto custody services in Germany and expand them to Asian financial centers in 2027, driven by growth in the digital asset economy, including hundreds of billions of dollars held in stablecoins. Gerald Podobnik, co-head of the bank's corporate bank, said the move supports the goal of achieving 8% compound annual growth in corporate banking by 2028. The service will initially support Bitcoin, Ether and select stablecoins including USDC, EURC and EURAU. A spokesperson expected regulatory approval for the custody offering under MiCA in October, and ESMA's interim register shows the bank received authorization from BaFin. The bank has not yet said which Asian financial center it will target first.
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