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Crypto
Deutsche Bank prepares crypto custody launch in Germany, weighs Asia expansion
Deutsche Bank is preparing to launch a cryptocurrency custody service in Germany and is considering expanding the business to Asian financial hubs in 2027. The bank plans to broaden its custody operations in line with growth in the digital asset economy. Corporate Bank co-head Gerald Podobnik cited rapid expansion in digital assets, with hundreds of billions of dollars tied up in stablecoins, as a key driver.
Crypto
AllUnity launches dollar-pegged USDAU stablecoin
European stablecoin issuer AllUnity has launched USDAU, a stablecoin pegged to the U.S. dollar. The launch expands its lineup of fiat-backed stablecoins regulated under the EU\'s Markets in Crypto-Assets (MiCA) rules to four. USDAU is designed to maintain a 1-to-1 value with the dollar and will initially support networks including Ethereum and Solana. Its CEO said Europe’s concern is oversight and enforceable redemption rights, not the dollar itself.
Crypto
Japan\'s Deutsche Bank pushes to launch institutional BTC, ETH custody this year
Deutsche Bank in Japan is awaiting regulatory approval to launch a digital asset custody service for European institutional investors and corporate clients. If licensing procedures are completed as planned, it aims to begin the service for its first customers within 2026, initially supporting bitcoin, ether and some stablecoins including Circle’s USDC and EURC and AllUnity EUR. The bank is pursuing authorisation under the EU’s MiCA framework.
