Latest news with #Bitpanda
Yahoo
4 days ago
- Business
- Yahoo
Deutsche Bank Plans to Introduce Crypto Custody With Bitpanda Next Year: Bloomberg
Deutsche Bank (DB) is planning to debut a crypto custody service next year, Bloomberg reported on Tuesday. Germany's largest bank has enlisted cryptocurrency exchange Bitpanda to help build the offering, according to the report, citing people familiar with the matter. Deutsche's prior involvement in crypto custody has largely been through Swiss custodian Taurus, of which the German bank is both an investor and a client. It is not clear how this relationship would develop should Deutsche begin offering its own service in-house. The bank's other recent crypto initiatives have been concentrated in the stablecoin sector, with its asset management subsidiary DWS planning to issue a euro stablecoin as part of a joint venture with Flow Traders and Galaxy (GLXY). Deutsche did not immediately respond to a request for comment, while Bitpanda declined to comment when contacted by CoinDesk.
Crypto Insight
5 days ago
- Business
- Crypto Insight
Deutsche Bank to launch crypto custody accounts in 2026: Report
Germany's biggest bank, Deutsche Bank, is reportedly planning to allow its clients to store cryptocurrencies like Bitcoin next year. Deutsche Bank plans to launch a digital assets custody service in 2026 in collaboration with the technology unit of Austria-based Bitpanda crypto exchange, Bloomberg reported on Tuesday. The crypto custody service's development will also involve Deutsche Bank-backed Swiss technology provider Taurus, according to Bloomberg, citing sources familiar with the matter. If confirmed, Deutsche Bank's latest plans would mark the bank's latest attempt to enter the crypto storage market, since it revealed such ambitions in 2020. Heavy involvement in crypto Deutsche Bank has signaled increasing interest in cryptocurrency in recent years In early June, Deutsche Bank's head of digital assets, Sabih Behzad, said the bank was considering entering the stablecoin market, including issuing its own stablecoin or joining stablecoin projects. 'We can certainly see the momentum of stablecoins along with a regulatory supportive environment, especially in the US,' Behzad said, adding: 'Banks have a wide variety of options available to engage in the stablecoin industry — everything from acting as a reserve manager, through to issuing their own stablecoin, either alone or in a consortium.' Additionally, Deutsche Bank is also reportedly assessing whether to develop its own tokenized deposit solution for use in payments. Not the first effort to launch crypto custody Late last year, Deutsche Bank was reportedly developing its own layer-2 (L2) blockchain on Ethereum using ZKsync technology. In 2023, Deutsche Bank said it planned to launch crypto custody options in partnership with Taurus soon after applying for a digital asset custody license in Germany. Deutsche Bank has also previously worked with Bitpanda on improving crypto payments at the crypto exchange since at least June 2024. Deutsche Bank did not immediately respond to a request to comment when contacted by Cointelegraph. Bitpanda declined to confirm or deny the report. The news followed another major German bank, Sparkassen-Finanzgruppe, which on Tuesday announced plans to introduce crypto trading services to its 50 million customers. Source:
Arabian Post
6 days ago
- Business
- Arabian Post
Deutsche Bank Eyes Major Leap into Digital Asset Custody
Deutsche Bank is set to roll out a digital assets custody service in 2026, joining forces with Bitpanda Technology Solutions and deepening its existing alliance with Swiss fintech Taurus SA. Aimed at institutional and corporate clients, the bank's custody offering is built on two pillars: custody and tokenisation capabilities powered by Taurus SA, and the digital infrastructure from Bitpanda's technology arm. Taurus has been the backbone of Deutsche Bank's digital asset efforts since 2023, and the integration with Bitpanda is expected to significantly expand operational capacity. Inside sources familiar with the initiative confirm that launch preparations are already underway, with a projected go-live in early 2026. The move reflects Deutsche Bank's view that tokenised assets could become a fundamental component of the financial ecosystem, aligning with growing projections that this market could reach hundreds of billions by the end of the decade. ADVERTISEMENT Taurus SA—positioned as a leader in digital asset infrastructure—provides enterprise-grade cold, warm and hot custody solutions, along with tokenisation services that Deutsche Bank will leverage. As noted by Taurus co‑founder Lamine Brahimi in 2023, the match between the Swiss firm's infrastructure and Deutsche Bank's scale was a critical factor in formalising their initial partnership. Meanwhile, Bitpanda's technology unit will contribute real‑time, scalable digital asset operations. The Vienna‑based firm, which supports more than 4 million users across Europe, already offers regulated trading and custody services for cryptocurrencies, stocks, ETFs and commodities. Deutsche Bank's adoption of Bitpanda's tech could enable graduated access to a broader swathe of tokenised assets for its clients. The partnership builds on Deutsche Bank's cautious but steady progression into the digital asset landscape. Already serving as the banking partner for Bitpanda's German IBAN services—and integrating Bitpanda's platform for retail payments—Deutsche Bank has maintained a conservative stance, ensuring compliance and risk protocols are robust. According to Ole Matthiessen, global head of cash management, the bank only engages with well‑regulated platforms that meet strict compliance standards. Deutsche Bank's ambitions extend beyond custody. It is exploring stablecoins, tokenised deposits, and potential issuance, reflecting a broader strategy to anchor its digital asset business across the value chain. The bank's head of digital assets, Sabih Behzad, highlighted the options ranging from reserve management to issuing stablecoins, whether solo or in consortiums. Industry insiders point to looming regulatory clarity—particularly in Europe under MiCA and in the U.S.—as a driving force behind institutional adoption. PwC projects that tokenised assets could swell from around $40 billion today to over $317 billion by 2028, reflecting an appetite for innovation tempered by oversight. Deutsche Bank's strategy appears calibrated: building momentum in custody while evaluating tokenised product launches. This dual approach affords adaptability with measured risk—a model that mirrors its cautious adoption of Bitpanda's IBAN service and Taurus custody tech. Analysts suggest that established banking institutions will need to offer multi-custodial and tokenisation services if they are to remain relevant in a changing market. As global custodians like BNY and JP Morgan enhance real‑time asset transfer and tokenised solutions, Deutsche Bank's 2026 launch will position it alongside peers seeking to modernise legacy models. Deutsche Bank's custody initiative arrives at a pivotal time. Regulatory frameworks for digital assets are crystallising, and institutional allocations to tokenised securities and stablecoins are gaining traction. Completion of the Bitpanda‑Taurus integration will be a critical milestone, forming the technological foundation of the service. With momentum gathering, competition is intensifying. Other major banks—such as Banco Santander—are also evaluating stablecoins and custody offerings. At the same time, fintech stand‑alone firms are aggressively scaling in tokenised markets. Yet Deutsche Bank brings two powerful advantages: it merges legacy banking infrastructure with cutting‑edge digital asset platforms and does so through meticulously selected partnerships. If its 2026 custody service delivers on promised security, compliance and efficiency, it could redefine institutional trust in the tokenised era.
Bloomberg
6 days ago
- Business
- Bloomberg
Deutsche Bank Aims to Launch Crypto Custody Service in 2026
By and Anna Irrera Save Deutsche Bank AG plans to launch its digital assets custody service next year and has enlisted crypto exchange Bitpanda's technology unit to help build the offering, according to people familiar with the matter. Deutsche Bank's corporate bank, which first revealed its custody plans in 2022, will also continue to work with Swiss technology provider Taurus SA on the service, said the people, who asked not to be named discussing private plans.
Int'l Business Times
12-06-2025
- Business
- Int'l Business Times
Bitpanda opens the gate to Web3 with Vision (VSN)
Vienna, Austria, June 12th, 2025, Chainwire The Vision (VSN) token, launching on July 16, will power Bitpanda's onchain infrastructure – connecting wallets, trading, cross-chain liquidity, and tokenised assets. The launch is the first puzzle piece of Bitpanda's ambition to build a user-first, fully compliant Web3 ecosystem – rooted in real utility and designed to make Web3 accessible for everyone. Vision: One token to connect it all Kicking off Bitpanda's Web3 product suite is Vision (VSN), the utility and governance token at the heart of the ecosystem. Launching on July 16, from a merge of Bitpanda's two existing tokens, BEST and Pantos, it launches with deep, native integration across Bitpanda's platform and upcoming Web3 products, unlocking real-world value and a clear path to mass adoption. What users can do with VSN: Save on fees : 20% fee discounts on and Bitpanda's DeFi Wallet. : 20% fee discounts on and Bitpanda's DeFi Wallet. Staking Rewards : Earn up to 10% APY on staked VSN. : Earn up to 10% APY on staked VSN. Governance : Vote on upgrades, reward rates, token emissions and protocol changes. : Vote on upgrades, reward rates, token emissions and protocol changes. Launchpad Access : Early entry into vetted Web3 token launches. : Early entry into vetted Web3 token launches. Loyalty & Airdrops: Participate in exclusive token drops and reward programmes. Lukas Enzersdorfer-Konrad, Deputy CEO at Bitpanda, commented: 'Vision is the engine behind everything we're building in Web3, like electricity is for many things in modern life. It fuels the ecosystem, connects our products, and rewards users for engaging with the tools we're building. This includes fee savings and staking, as well as governance and loyalty, which turn into benefits for everyone in the Bitpanda ecosystem and beyond.' The Bitpanda Web3 ecosystem While many Web3 projects remain experimental, Bitpanda's approach is grounded in real utility. Its new ecosystem is built for everyday users and will enable millions of people to enter Web3, designed to enable Web3 to reach the mainstream. With nearly 7 million users, Bitpanda's aim is to give everyone access in a compliant and secure way, without sacrificing on the user experience. In addition to Vision (VSN), Bitpanda's Web3 product suite contains the following components: Bitpanda DeFi Wallet: The consumer-grade entry point An intuitive smart wallet providing everything users need to trade, earn, and manage assets onchain across major blockchain networks, all from a single, intuitive app. Designed for both crypto natives and newcomers, the wallet allows users to trade, earn, and manage assets with institutional-grade security. At launch, the wallet will support over 5,000 tokens across Ethereum, Solana, Polygon, BNB Chain, Avalanche, Optimism, Base, and Arbitrum. Vision Protocol: Frictionless, cross-chain trading Vision Protocol is the underlying liquidity engine of the ecosystem. It aggregates top decentralised exchanges and bridges like 1inch, Jupiter, and Rango to deliver seamless swaps across chains – fully embedded into the Bitpanda DeFi Wallet. Vision Chain: Europe's compliant Layer 2 A dedicated Ethereum Layer 2 network designed for tokenising real-world assets. Vision Chain serves as the compliant backbone for Europe's onchain finance, bringing securities, commodities, and fiat onchain in one unified layer. Bitpanda Launchpad: Onramping innovation A platform for launching curated, high-quality crypto projects. Bitpanda Launchpad ensures investor protection, project legitimacy, and fast-track access to promising teams and listing on Bitpanda and their partners. For investors, it provides early access to the cutting edge of DeFi innovation, creating a true win-win for builders and users alike. Eric Demuth, Co-Founder and CEO at Bitpanda, commented: 'We are highly committed to build the onchain future in a compliant, secure and simple to use way. Just like Apple did with Smartphones. Therefore we have hired a strong team of Web3 industry experts - and this has just been the start for our ambitious plans.' About Bitpanda Bitpanda was founded in Vienna in 2014 and is the leading European crypto platform. With a selection of over 3,200 digital assets, including more than 600 crypto assets and numerous stocks*, ETFs*, precious metals, and commodities, the Austrian fintech unicorn offers one of the most comprehensive ranges of digital assets available in Europe. Already trusted by over 6.5 million users and dozens of institutional partners, Bitpanda holds licences in several countries and has a proven track record of working with local regulators to keep assets safe and secure. This makes Bitpanda one of the safest and most strictly regulated trading platforms in the industry. In addition to its headquarters in Vienna, Bitpanda has offices in Amsterdam, Barcelona, Berlin, and Bucharest. Contact Director, Corporate Communications Paul Wolter Bitpanda
