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Deutsche Bank has offered European corporate clients a wider range of services: from now on, they can store and transfer five cryptocurrencies — bitcoin, ether, USDC, EURC and EURAU.

The issuer of the EURAU token is AllUnity, a platform created by Flow Traders, Galaxy Digital and DWS, Deutsche Bank's asset management division. It turns out that the bank is involved in the project in two roles: it is both an intermediary and one of the participants in the asset issue.

Both hot and cold storage are provided. Cryptographic key protection is provided by Hardware Security Modules (HSM). You can access the service through the Autobahn custody service used by Deutsche Bank for corporate and high-net-worth clients. For clients, this means that cryptocurrencies can be transferred to the bank's infrastructure without using third-party custody services. Deutsche Bank checks deposits and transactions for compliance with regulatory requirements on its own.

The bank intends to increase the functionality of the platform. Cryptocurrency storage services will be provided through a branch in Frankfurt. Deutsche Bank expects to enter Asian markets in 2027, although there are no specific agreements on this issue yet. The launch of the service coincided with the drawdown of the crypto market: during the week, bitcoin fell by 5.7% to 73,700 with a market capitalization of 1.4 trillion, while ether lost 11.2% and dropped to 2,051.