Will Deutsche Bank launch a crypto asset custody service by the end of 2026?

VangAI analysis

VangAI edge: +73 pp

• Deutsche Bank has officially announced plans to launch a digital asset custody service for institutional clients by the end of 2026.
• The bank has already been registered in the MiCA register for crypto custody, which is a significant step towards launching the service.
• Deutsche Bank's plans include expanding the service to Asian financial centers in 2027, indicating a long-term commitment.
• Other European banks, such as Standard Chartered and BBVA, already offer regulated crypto custody services, creating competitive pressure.

It's like an airline announcing a new route and having already obtained the necessary permits, making cancellation unlikely.