by Rushali 
Deutsche Bank is the latest entrant in the list of big market players who are entering the crypto world. The Deutsche Bank Digital Asset Custody is planning to offer “a fully integrated custody platform for institutional clients and their digital assets providing seamless connectivity to the broader cryptocurrency ecosystem,” according to a report by World Economic Forum.
The report says that the bank is considering creating a trading and token issue platform that will connect the digital currency and the normal bank services simultaneously.
It has become very common for the world’s largest bank is entering the crypto market. Last week only the Bank of New York Mellon has entered the list, and now Germany’s largest bank is also considering entering the list.
US regulators have given clarity to the banks on the rules and regulations but German banks are yet to get the clarity from their regulator, BaFin.
The bank has said they will assure the safety and accessibility of their clients by offering the latest and problem-free services.
The digital asset custody platform would be launched in stages. At first, it will give the users the option of buy and sell digital currencies online. After that, the bank will launch other services like taxation, valuation services and fund administration, lending, staking, and voting, etc.
The bank will charge a custody fee and charging fee for taxation.
