Deutsche Bank Receives MiCA License in October: Global Systemically Important Banks Enter Crypto Custody

According to Woofun AI, Deutsche Bank (DB.US) is awaiting regulatory authorization to provide digital asset custody services to European institutional customers. As a global systemically important bank, its promotion of this move marks a substantial breakthrough for traditional financial giants in the crypto sector.

On Wednesday, the bank announced that once the regulatory process is complete, it will launch services for its first customers this year. The initial escrow assets include Bitcoin, Ethereum, and various stablecoins, including USDC, EURC issued by Circle, and EURAU issued by AllUnity, and will expand to digital financial instruments in the future. In June 2023, Sabih Behzad, head of the digital asset business, revealed that he is considering entering the stablecoin market or even issuing tokens. Spokesman Heinrich Fromsdorf told Cointelegraph that in accordance with the EU Crypto Asset Market Regulation (MiCA), Deutsche Bank (DB.US) is expected to obtain a license to operate in October. With MiCA officially implemented on July 1, its progress is expected to accelerate.

According to data compiled by Woofun AI, Deutsche Bank (DB.US) is a global systemically important bank listed by the Financial Stability Board, and its compliance process is a trend vane for the industry.

Looking back at the historical layout, Deutsche Bank (DB.US) applied for a German digital asset custody license as early as 2023 and first announced a cryptocurrency escrow service plan through cooperation with Taurus. This early action lays the foundation for its current compliance implementation under the MiCA framework, showing its long-term strategic intentions in the field of digital asset infrastructure.

In terms of the competitive landscape of the industry, other German banks are following suit. In April 2024, after partnering with Bitpanda in Austria, the Bank of Baden-Württemberg began providing cryptocurrency escrow services to institutional clients. In December 2025, DZ Bank said it was authorized by German regulator BaFIN under MiCA to operate the MeinCrypto platform. Following Deutsche Bank (DB.US), this is another important example of traditional banking systems becoming compliant in the field of crypto custody.