Deutsche Bank Embarks on Cryptocurrency Innovation

Germany’s largest bank, Deutsche Bank AG, has begun exploring innovative digital finance instruments such as stablecoins and tokenized deposits. Driven by a surge in institutional interest in the digital asset space, Deutsche Bank is evaluating potential initiatives, including the development of its own stablecoin or participation in industry-wide projects. Sabih Behzad, head of digital assets and currency transformation at Deutsche Bank, shared that developing a tokenized deposit solution for use in payments is also under consideration.