Market News AIOpen the app

Deutsche Bank has started a service to keep digital assets safe for big clients.

ProductRead the original at coindoo.com
Good for DB

Deutsche Bank's crypto custody service is live for paying institutional clients, giving it a new service offering. The bank must protect private keys, and future work with its asset manager is only being explored; clients carry crypto price risk and lack standard deposit protection.

DB · Deutsche Bank

AI read · Good for DB

The AI's read

This gives Deutsche Bank an active service for institutional customers who already pay to use it. The story does not say how much business it brings in. The bank takes responsibility for private-key security. Clients carry crypto price risk, and these assets are outside standard deposit protection. More work with Deutsche Asset Management is only being explored, so the live paid service is the clearest change.

Get alerts for DB

Follow Deutsche Bank (DB) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for DB
Free on the App Store and Google Play, or on the web.