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German banking sector cryptocurrency expansion

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-10-19 02:24 UTC → 2026-10-20 10:24 UTC · added ~~removed~~

German financial institutions are expanding their digital asset offerings. Deutsche Bank ~~announced plans~~ is preparing to launch institutional cryptocurrency custody services in ~~Germany, targeting eligible companies~~ Germany within weeks, having received authorization from the financial regulator, BaFin, under the European Union’s Markets in Crypto-Assets (MiCA) framework. The service targets corporate clients rather than retail ~~clients. The service will initially~~ customers, providing wallet technology and private key infrastructure to manage technical requirements. Initial support will include Bitcoin, Ether, and ~~specific~~ stablecoins such as USDC, EURC, and the euro-pegged EURAU. Deutsche Bank also intends to offer stablecoin conversions, tokenized deposits, and assistance with issuing digital bonds or ~~e-money tokens,~~ blockchain-based securities. This strategy aims to support a projected 8% compound annual growth rate in corporate banking revenue between 2025 and 2028, with plans to expand into Asian financial centers like Hong Kong and Singapore by 2027. Simultaneously, the German Savings Banks and Giro Association (DSGV) ~~initiated~~ is conducting a phased rollout of cryptocurrency trading for private customers through Sparkassen mobile applications. Provided by DekaBank, this service includes assets such as Bitcoin, Ethereum, Ripple, Solana, and Polygon. The rollout is expected to add 30 to 40 banks per month, ~~with the goal of connecting~~ aiming to connect a large portion of interested savings banks by the first half of 2027.

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