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

Circle discloses first-half revenue structure, $819 million spent on partners and transaction costs

Circle paid $819 million out of about $1.4 billion in first-half revenue to USDC distribution partners and for transaction costs, The Block reported on Oct. 16. Circle also reinvested about $473 million in infrastructure, regulatory compliance and product development, the report said. Circle said it made about 7 cents of net profit per dollar of revenue. It will report third-quarter results on Nov. 4.