Deutsche Bank Applies for Digital Asset License Amid Growth Push
This article is for subscribers only.
Deutsche Bank AG has applied for regulatory permission to operate a custody service for digital assets such as crypto currencies.
“We’re building out our digital assets and custody business,” David Lynne, who runs the lender’s commercial banking unit, said at a conference Tuesday. “We just put our application into the Bafin for the digital asset license,” he said, referring to Germany’s securities watchdog.