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Deutsche Bank launches digital asset custody service

Deutsche Bank has launched a digital asset custody service and signed an agreement with DWS to develop tokenised financial products, The Block reported. The bank previously announced plans to offer custody of bitcoin, ether, USDC, EURC and EURAU to corporate and institutional clients in Europe. Clients can deposit the assets and transfer them elsewhere, while Deutsche Bank manages wallets and private keys. The initiative builds on work with Taurus since 2023.