Deutsche Bank, the largest bank in Germany, is preparing to launch Bitcoin and cryptocurrency custody services in 2026, according to a Bloomberg report published on Tuesday. 

The initiative will involve Bitpanda Technology Solutions, a unit of the Austria-based Bitcoin and crypto exchange, and Taurus, a Swiss fintech backed by Deutsche Bank.

This development follows earlier indications from the bank regarding interest in digital asset storage, first expressed in 2020. 

Since then, Deutsche Bank has taken steps to expand its involvement in digital asset-related technologies, including stablecoins and blockchain infrastructure.

In June, Sabih Behzad, head of digital assets at Deutsche Bank, discussed the bank’s consideration of participating in the stablecoin sector.

“We can certainly see the momentum of stablecoins along with a regulatory supportive environment, especially in the U.S.,” Behzad stated.

According to the report, Deutsche Bank is also exploring the creation of tokenized deposit solutions for use in payment systems. 

The bank previously applied for a digital asset custody license in Germany and had announced plans to work with Taurus to develop custody services. 

It has also reportedly collaborated with Bitpanda to improve Bitcoin and crypto payment capabilities since mid-2024.

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