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Sparkassen, Deutsche Bank Outline 2026 Crypto Trading and Custody Rollout

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Updated Jul 2, 2025, 09:23 PM

Sparkassen-Finanzgruppe, Germany’s network of more than 370 local savings banks, said it will enable its 50 million retail customers to buy and sell cryptocurrencies such as Bitcoin and Ether directly in its mobile app from the summer of 2026. The decision overturns a three-year moratorium the group imposed in 2023 and follows the award of a BaFin crypto-custody licence to subsidiary Dekabank.

Deutsche Bank, the country’s largest lender, separately confirmed plans to introduce a digital-asset custody platform in 2026. The bank is building the service with Bitpanda’s technology arm and Swiss provider Taurus and is studying the issuance of stablecoins and tokenised deposits. Its asset-management arm DWS, together with Galaxy and Flow Traders, this week won BaFin approval for AllUnity, a euro-backed stablecoin named EURAU.

The twin announcements underscore how Germany’s mainstream financial institutions are accelerating their push into digital assets after the European Union’s Markets in Crypto-Assets rules took effect. The regulatory clarity is prompting banks that once viewed cryptocurrencies as too speculative to incorporate trading, custody and tokenisation services into their core offerings.

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