Deutsche Bank announced plans to launch a crypto custody service by 2026 to meet the increasing demand for institutional digital asset storage.
The bank is also exploring stablecoins and tokenized deposits, indicating a broader adoption of digital assets in the finance sector.
This move by Deutsche Bank aligns with other traditional financial institutions entering the digital asset space, such as Sparkassen and DZ Bank.
While the immediate impact on Bitcoin's price was minimal, the long-term implications of institutional support could strengthen Bitcoin's position as a strategic store of value.