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Deutsche Bank to Hold Crypto for Institutional Clients

Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients' cryptocurrencies and tokenized assets, according to a story in Reuters news. The partnership means Deutsche Bank will, for the first time, be able to hold a limited number of cryptocurrencies for its clients, as well as tokenized versions of traditional financial assets. Crypto trading is not in the bank's "immediate plans", a bank spokesperson said. Crypto markets have struggled to recover from last year's series of collapses at top crypto firms, which left investors with large losses and prompted lawmakers around the world to call for more regulation. Still, various mainstream financial firms are talking about the possibility of blockchain - the technology behind cryptocurrencies - to be used in the trading and settlement of traditional financial assets.

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