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Odaily reports: Deutsche Bank is close to launching an institutional-grade crypto asset custody business and is expected to begin serving institutional clients within a few weeks. It will initially target German enterprises and professional investors, supporting assets such as Bitcoin and Ethereum, with technology jointly developed by Swiss digital asset infrastructure company Taurus. The service is not a retail-facing cryptocurrency trading app, and the relevant plans are still subject to regulatory approval. Deutsche Bank has also discussed tokenized deposits, digital securities, and the possibility of expanding to Asian financial centers in 2027.
According to CoinDesk, cryptocurrency custody provider Taurus has obtained a MiFID II investment license from the Cyprus Securities and Exchange Commission (CySEC), enabling it to offer tokenized financial instrument services to EU banks and asset management firms, and supporting secondary trading of tokenized bonds, fund shares, equities, and structured products. Additionally, Taurus already holds a license from the Swiss Financial Market Supervisory Authority (FINMA), and its application under the EU’s Markets in Crypto-Assets Regulation (MiCA) is underway.