Deutsche Bank should consider extending its efforts to the digital asset industry, as countries adopt regulations for the sector.
The Bank is considering stablecoins, in particular by issuing its own or joining a project on a scale of the industry, and a deposit solution in Tokenized that it would develop, Bloomberg reported Friday June 6), citing his interview with Sabih BehzadDigital assets and transformation of digital active ingredients from Deutsche Bank.
“We can certainly see the momentum of the stablecoins as well as a regulatory support environment, especially in the United States,” said Behzad in the report. “Banks have a wide variety of options available to get involved in the Stablescoin – all, action industry as a reserve manager, until the publication of their own stablecoin, alone or in a consortium.”
Over the past two years, Deutsche Bank has made an investment in the Blockchain Cross Border Payments and Settlement Company Partial; participated in Bank of international colonies“Test for using tokenization in wholesale cross -border payments, Agorá project; and associated with the Blockchain technology company Bull On digital asset childcare services, according to the report.
Deutsche Bank analysts wrote in a report published in May that stable enter the dominant current.
They wrote that the market capitalization of Stablecoins jumped from $ 20 billion in 2020 to 246 billion dollars, the stablecoins “become strategic quickly assets“And the American regulations” could cement the legitimacy of the stable in 2025. “
When Deutsche Bank trained its partnership with Taurus in September 2023, he said that the collaboration would support the bank digital active Services by integrating Taurus technology for police custody services and tokenization of digital assets.
“Like digital active space is expected To include billions of dollars in assets, it is forced to be seen As one of the priorities for investors and businesses, ” Paul MaleyGlobal Head of Securities Services in Deutsche Bank, a press release said at the time. “As such, guards must start adapting to support their customers.”
He was reported in May this other bank, Banco Santander SAplanned to offer stablecoin and provide customers with the retail sales of their digital bank access to cryptocurrency.
Santander online banking unit, Bankingasked for licenses to offer these services within the framework of the European Union Crypto-active markets (Mica) Regulation.
