Deutsche Bank Dives Into The Crypto Pool Offering Custody Services
Portfolio Pulse from Murtuza Merchant
Deutsche Bank has formally requested regulatory approval from BaFin to provide custody services for cryptocurrencies and other digital assets. This move is part of the bank's broader initiative to boost revenue within its corporate banking sector and reflects similar efforts within its investment subsidiary, DWS Group.
June 20, 2023 | 12:39 pm
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Deutsche Bank is seeking regulatory approval to provide crypto custody services, which could boost revenue within its corporate banking sector.
Deutsche Bank's move to provide crypto custody services, if approved, could attract new clients and generate additional revenue for the bank. This would likely have a positive impact on the company's stock price in the short term.
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