Deutsche Bank into Crypto: Applying for Custody License

Deutsche Bank Submitted A Crypto Custody Licence Application Today.

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Deutsche Bank is a Global Financial Institution Headquartered In Frankfurt, Germany.

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David Lynne, Global Head at Deutsche Bank’s Corporate Bank Said "We’re building out our digital assets and custody business "

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The application for the crypto custody license was submitted to BaFin, the German financial regulator.

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The license would allow Deutsche Bank to provide custody services for digital assets, such as Bitcoin and Ethereum.

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The move is seen as a sign of Deutsche Bank’s increasing interest in the digital asset space

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Other major financial institutions, such as BNY Mellon and Fidelity, have also entered the crypto custody market

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