“The 153-year-old banking giant, Deutsche Bank, has joined the ranks of institutions like Standard Chartered, BNY Mellon, and Societe Generale, all of which offer cryptocurrency custody solutions.
Deutsche Bank issued a statement regarding their partnership with Swiss cryptocurrency company Taurus. This collaboration aims to provide cryptocurrency custody services and facilitate the settlement of digital assets.
“As the digital asset space is expected to encompass trillions of dollars in assets, it is undoubtedly a priority for investors and corporations alike. Our focus is not only on cryptocurrencies but also on supporting our clients in the broader digital asset ecosystem. The design of our products and the custody aspect for our clients will ensure that there is no risk to other bank operations,” said Paul Maley of Deutsche Bank.
It’s noteworthy that Deutsche Bank participated in Taurus’s $65 million Series B fundraising round in February.