Deutsche Bank plans to expand its cryptocurrency custody services into Asian financial hubs, specifically targeting Singapore and Hong Kong in 2027

Overview Debates Related claims Topics Sources

On October 12, 2026, Standard Chartered launched RLUSD custody for eligible institutional clients through its Dubai International Financial Centre branch

Deutsche Bank's new Bitcoin and Ethereum custody service will directly manage crypto wallets and private keys on behalf of asset managers, hedge funds, and corporate entities

Deutsche Bank plans to launch cryptocurrency custody services in Germany within weeks, initially offering Bitcoin and Ethereum custody to institutional clients

Gerald Podobnik, co-head of Deutsche Bank's corporate bank, announced the upcoming cryptocurrency custody launch during the IMF and World Bank meetings in Bangkok

BNY Mellon became the first major United States bank to launch digital asset custody services in 2022

Deutsche Bank aims to leverage its digital asset services to support an 8% compound annual growth target for its corporate banking division through 2028

Deutsche Bank is partnering with Swiss digital asset technology firm Taurus to support its crypto custody services, having previously led a $65 million funding round for Taurus in 2023

Major global financial institutions including BNY Mellon, State Street, Standard Chartered, U.S. Bank, and Citigroup have committed to offering direct crypto custody services

A tampered Ledger device intercepted the 24-word recovery seed phrase displayed on screen and transmitted the data using a radio frequency transmitter

Algorand's post-quantum cryptography strategy requires delivering deployed network upgrades that institutional participants can evaluate.

Babylon's Trustless Bitcoin Vaults protocol locks Bitcoin in self-custodial Taproot-based UTXOs directly on the Bitcoin network without transferring custody to third-party custodians.

HashKey Cloud announced on October 7, 2026 that it will integrate Babylon Trustless Bitcoin Vaults to enable native Bitcoin-backed borrowing via Aave V4 for institutional clients.

The United Arab Emirates cryptocurrency launch marks the first time Standard Chartered has offered direct cryptocurrency trading to wealthy clients within its global wealth business.

Standard Chartered extends its wider digital assets business covering custody, trading, and tokenisation through its ventures arm via Zodia Markets and Libeara.

Standard Chartered developed its cryptocurrency trading service through a collaboration between its Wealth and Retail Banking and Corporate and Investment Banking divisions alongside SC Ventures-backed Zodia Markets.

Standard Chartered plans to expand its direct cryptocurrency trading offering to additional global markets over time.

Standard Chartered's cryptocurrency trading platform in the United Arab Emirates supports direct spot buying and selling of Bitcoin and Ether.

Prior to introducing direct spot trading, Standard Chartered provided client exposure to digital assets through cryptocurrency exchange-traded funds, structured products, and over-the-counter derivatives.

Standard Chartered's cryptocurrency trading service in the United Arab Emirates is initially available exclusively to clients classified as Professional Investors.

Standard Chartered enables eligible Professional Investor clients to buy and sell cryptocurrency directly using their existing bank accounts without registering on third-party platforms.