Key Highlights
- Deutsche Bank is developing regulated digital-asset infrastructure covering custody, tokenization and settlement.
- The platform will use hot and cold wallets, hardware-based private-key protection and multi-party transaction verification.
- Deutsche Bank and Deutsche Asset Management will collaborate on tokenized money market funds, crypto-linked exchange-traded products and stablecoins.
Deutsche Bank Builds Regulated Digital-Asset Infrastructure
Deutsche Bank is developing a digital-asset infrastructure designed to bring custody, tokenization and settlement into the same regulated framework. The bank has been working with Swiss digital-asset company Taurus since 2023 to develop the infrastructure, while Bitpanda was also reportedly involved in the project.
The storage system will support both hot wallets and cold wallets. Private keys will be protected through hardware-based security systems, and multi-party processes will be used to verify transactions. These measures are intended to support the controlled custody and movement of digital assets within the bank’s infrastructure.
Partnership With Deutsche Asset Management
Deutsche Bank aims to connect digital-asset custody, tokenization and transaction settlement within one platform over the medium term. As part of that strategy, the bank has signed a new agreement with Deutsche Asset Management, its asset management arm.
Under the agreement, Deutsche Bank and Deutsche Asset Management will work on tokenized money market funds, crypto asset-linked exchange-traded products and stablecoins. The partners plan to use Deutsche Bank’s platform for custody and settlement, alongside liquidity management, treasury operations and product distribution.
Tokenized Money Market Fund Plans
Deutsche Asset Management has announced plans to launch a tokenized money market fund, although it has not provided a launch date. The planned product forms part of the broader collaboration between the two Deutsche Bank businesses and reflects the intended use of the bank’s digital-asset platform for tokenized financial products.
As of September 30, Deutsche Asset Management had total assets under management of €1.22 trillion, or approximately $1.36 trillion. The firm’s planned tokenized money market fund will therefore be developed within a large asset management business, but the available information does not specify its structure, blockchain technology or timetable.
Why This Matters
Deutsche Bank’s project illustrates how traditional financial institutions are seeking to combine digital-asset services with regulated banking and asset management operations. Bringing custody, settlement, liquidity management, treasury functions and product distribution into one infrastructure could support the development of tokenized funds and other digital financial products.
The immediate next step identified in the announcement is Deutsche Asset Management’s planned tokenized money market fund. However, no launch date has been disclosed, and the source does not provide further details about the fund’s implementation.
Frequently Asked Questions
What digital-asset services is Deutsche Bank developing?
Deutsche Bank is developing infrastructure for digital-asset custody, tokenization and settlement. It will support hot and cold wallets, hardware-based private-key security and multi-party transaction verification.
Which companies are involved in the project?
Deutsche Bank has worked with Swiss digital-asset company Taurus since 2023. Bitpanda was also reportedly involved, and Deutsche Asset Management is collaborating with Deutsche Bank on digital-asset products and related services.
What product does Deutsche Asset Management plan to launch?
Deutsche Asset Management has announced plans to launch a tokenized money market fund, but it has not disclosed a launch date.
This is not investment advice.
