Deutsche Bank AG has cemented a partnership with Swiss crypto technology firm, Taurus SA. This collaboration propels Deutsche Bank closer to unveiling its digital assets custody service.
A venture into digital custody
Taurus SA’s cutting-edge technology will be pivotal for Deutsche Bank, enabling them to offer both custody and tokenization services. This strategic alliance aligns with the bank’s previously disclosed plans to venture into the digital custody domain. Paul Maley, Deutsche Bank’s global head of securities services, had hinted at this collaboration in an earlier interview with Bloomberg News. He said:
“As the digital asset space is expected to encompass trillions of dollars of assets, it’s bound to be seen as one of the priorities for investors and corporations alike. As such, custodians must start adapting to support their clients.”
Tokenised financial assets is the future
Paul Maley emphasised the growing significance of the digital asset sector, predicting its po
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