Deutsche Bank launched its Digital Asset Custody service on Wednesday, offering regulated storage and transfer of Bitcoin, Ethereum, USDC, EURC and EURAU for institutional and corporate clients in Europe. The service includes hardware-based key protection, multi-person approvals and separate warm and cold storage. Deutsche Bank also signed a memorandum of understanding with Deutsche Asset Management to explore tokenized money market funds, crypto exchange-traded commodities and stablecoins. The bank is additionally part of a $270 million stablecoin consortium alongside Goldman Sachs and Citi.

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