Deutsche Bank plans to expand its crypto custody service to Asian financial centres in 2027, according to CoinDesk and CoinPaprika reports citing an interview with corporate bank co-head Gerald Podobnik by Reuters. The reports describe a German launch within weeks, rather than a service already operating across Asia.

The expansion would extend an offering initially aimed at institutional and corporate clients in Europe. Specific Asian markets and country-level launch dates were not identified in the CoinDesk report.

What the bank will hold

Deutsche Bank's September announcement lists bitcoin, ether, USDC, EURC and EURAU among the assets planned for initial support. Clients will be able to hold digital assets and transfer them to third parties, while the bank manages wallets and private keys on their behalf.

The bank describes hardware-based key protection, multi-person approvals, separation of duties, and distinct warm and cold storage environments. Its initial client groups include corporates, asset managers, hedge funds, custodians, brokers and sovereign institutions, with onboarding subject to due diligence and risk criteria.

A rollout plan, not completed availability

CoinDesk also reports plans for stablecoin conversion, tokenized deposits and services supporting digital bond issuance. These remain elements of the bank's broader digital-asset strategy, not evidence that every product is available today.

For institutions, the practical change would be access to custody through an existing banking provider without building their own key-management infrastructure. Deutsche Bank's announcement makes timing, geographic availability and supported assets conditional on regulatory processes and internal approvals. It also states that crypto-assets lack deposit-guarantee protection comparable to eligible bank deposits.