Deutsche Bank into Crypto: Applying for Custody License

Deutsche Bank Submitted A Crypto Custody Licence Application Today. 

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

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

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

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

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

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