Deutsche Bank's crypto asset custody service is officially operational, with the first five assets supported: BTC, ETH, USDC, EURC and EURAU. The service is first available to European corporate and institutional customers, with banks hosting wallets and private keys and providing asset transfers. (Preliminary summary: Deutsche Bank will launch institutional encrypted asset custody services! When MiCA is issued a license in October, lock BTC, ETH, and USDC first) (Background supplement: Germany’s largest Deutsche Bank will launch cryptocurrency custody and asset tokenization services, and cooperate with Taurus SA) Deutsche Bank’s digital asset custody service has entered actual operation. The official product page lists the first batch of supported assets, including Bitcoin (BTC), Ethereum (ETH), and three stable currencies, USDC, EURC and EURAU. Corporate and institutional customers can leave their assets to banks for safekeeping. Reuters reported on November 11 that Deutsche Bank confirmed that the service has begun accepting paying customers. From announcing the plan in September, waiting for regulatory procedures, to now officially providing services, Deutsche Bank's crypto custody business has moved from preparation to operation. Germany started to serve European customers and was not open to retail investors in the initial stage. Services are currently provided in Germany and cross-border services are provided to European customers in accordance with applicable regulations. The targets listed on the official website include institutional investors in the corporate banking sector, companies, governments and sovereign institutions, as well as wealth management companies. Deutsche Bank has defined in its announcement on September 16 that the initial service is not for retail investors; customers must still meet the bank's review standards, due diligence requirements and risk management requirements to join. The bank manages the private key, and MiCA registration covers custody and transfer. Customers can use the service through Deutsche Bank's Autobahn or corporate banking portal, and the bank manages the digital wallet and private key, keeps designated assets and performs transfers to third parties, reducing the need for customers to build their own custody systems. The platform uses a hardware security module (HSM) to protect private keys, with warm and cold wallet environments, multi-factor authentication, and a customizable transfer approval process. Client assets are kept separately, and important operations are subject to approval and division of responsibilities by multiple people. Technical preparations can be traced back to 2023. Taurus, a Swiss digital asset infrastructure company, announced in September that year that it had signed a global cooperation agreement with Deutsche Bank, with Deutsche Bank using its custody and tokenization technology to build digital asset services. Registration information from the European Securities and Markets Authority (ESMA) shows that Deutsche Bank registered on October 12 in accordance with the notification procedure of Article 60 of the EU’s Cryptoasset Market Regulations (MiCA), and is managed by Germany’s BaFin. The scope of services includes custody and management of crypto assets on behalf of customers, as well as providing crypto asset transfers on behalf of customers. The mid-term goal extends to tokenization and settlement. Deutsche Bank regards custody as the basis of digital asset business. In the medium term, it hopes to integrate custody, tokenization and settlement and establish a regulated service system. At this stage, it provides asset custody and transfer, and tokenized financial instruments are listed in the future development direction. The bank also signed a memorandum of cooperation with its asset management company Deutsche Asset Management on the same day. The company was previously known as the DWS brand, and the two parties will explore commercial and technical cooperation in the field of digital assets to further connect the bank's custody infrastructure and asset management business. Related reports Traditional banks enter the blockchain》Deutsche Bank launches encrypted asset custody in 2026, targeting enterprises and institutional investors Traditional banks enter Layer 2, Deutsche Bank is based on ZKsync and has tested multiple use cases Deutsche Bank’s “EURAU” euro stablecoin is online: dual-certified by MiCA and Germany, will the European payment landscape be rewritten? BNY Mellon expands partnership with Ripple! XRP and RLUSD are included in custody to test on-chain trade financing <Deutsche Bank encryption custody service is officially launched! Supports five assets such as BTC and ETH. This article was first published in BlockTempo's "Dong District Dongzhi-The Most Influential Blockchain News Media".