Deutsche Bank and its asset management division will furthermore investigate tokenized money market funds, crypto-asset exchange-traded commodities, and stablecoins pursuant to the updated accord.
Deutsche Bank revealed the debut of its Digital Asset Custody (DAC) offering on Wednesday, together with a fresh pact with Deutsche Asset Management to investigate the creation of tokenized financial instruments.
Deutsche Bank originally disclosed intentions to furnish custody for bitcoin Bitcoin (BTC), ether Ethereum (ETH), USDC, EURC, and EURAU to corporate and institutional clients throughout Europe this past September, subject to regulatory clearance. The offering is active right now, allowing clients to maintain these assets with Deutsche Bank, which administers their wallets and private keys, as well as execute transfers to external parties.
The financial institution previously collaborated with Taurus back in 2023 to build digital asset custody and tokenization solutions, while Bitpanda was likewise noted as participating in the initiative. Deutsche Bank’s safekeeping infrastructure features hot and cold storage, hardware-secured protection for private keys, alongside multi-party transaction authorizations.
"In the medium term we aim to deliver a fully integrated, regulated ecosystem that supports the custody, tokenization, and settlement of digital assets," Paul Maley, the lender’s global head of trust and securities services, expressed in Wednesday’s statement.
New agreement with Deutsche Asset Management
Deutsche Bank and Deutsche Asset Management executed a memorandum of understanding encompassing tokenized money market funds, crypto-asset exchange-traded commodities (ETCs), and stablecoins. Both organizations will examine custody and settlement frameworks, alongside liquidity oversight, treasury operations, and distribution, leveraging Deutsche Bank’s DAC platform. Manfred Bauer, chief product officer at Deutsche Asset Management, stated that the organization intended to roll out a tokenized money market fund.
Deutsche Asset Management already supplies crypto-asset ETCs and participates in AllUnity, the stablecoin enterprise supported by DWS, Flow Traders, and Galaxy. Last May, The Block communicated that AllUnity intended to release a Swedish krona-backed stablecoin, SEKAU, alongside its pre-existing euro- and Swiss franc-denominated tokens.
Deutsche Asset Management reported that it held €1.22 trillion ($1.36 trillion) in assets under management as of September 30.
Originally published at https://www.theblock.co/news/business/2026-11-11-deutsche-bank-goes-live-with-digital-asset-custody-service-signs-asset-management-deal-437851.
