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Zenger
Zenger
Khyathi Dalal

Deutsche Bank Joins Crypto Wave: Partners With Taurus For Digital Asset Custody

Deutsche Bank Crypto Taurus Deutsche Fireblocks HSBC PIERRE BORTHIRYUNSPLASH DB NYSE
After Wednesday's news that HSBC reportedly partnered with crypto technology firm Fireblocks to expand into the digital space, another foreign banking giant is also showing interest in the crypto space. Deutsche Bank (NYSE: DB) is seeking to offer global crypto custody services through its Taurus partnership. PHOTO BY PIERRE BORTHIRY/UNSPLASH 

After Wednesday’s news that HSBC reportedly partnered with crypto technology firm Fireblocks to expand into the digital space, another foreign banking giant is also showing interest in the crypto space. Deutsche Bank (NYSE: DB) is seeking to offer global crypto custody services through its Taurus partnership.

Deutsche Bank announced that it will use Taurus’ custody and tokenization technology to manage cryptocurrencies, tokenized assets, and digital assets. Taurus is a Swiss startup specializing in cryptocurrency safekeeping, establishing digital asset custody and tokenization services. It serves around 30 banks with many of the deals going beyond cryptocurrencies which include tokenization of equity, debt, and other products.

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