Deutsche Bank Partners With Digital Asset Infrastructure Firm To Offer Crypto Custody and Tokenization Services
German banking giant Deutsche Bank just entered a global agreement with Swiss digital asset infrastructure firm Taurus that anticipates further growth in crypto adoption. In a statement, Taurus says the partnership will enable Deutsche Bank to use its custody and tokenization technology to manage cryptocurrencies, tokenized assets and digital currencies. Says Taurus co-founder Lamine Brahimi, According to a 2020 World Economic Forum report, Deutsche Bank already plans to launch a new digital custody platform for institutional clients as early as three years ago. Deutsche Banks global head of Securities Services Paul Maley says crypto will continue to grow. Deutsche is also among the investors that participated in Taurus $65 million Series B financing round earlier this year. The startup says the raised funds will be used to support its growth strategy.