The main dishes to remember:
- The Deutsche Bank explores the issuance of a stablecoin and the development of tokenized deposit solutions for payments.
- The growing regulatory clarity of the EU and the United States accelerates institutional interest for stablecoins.
- Deutsche Bank has expanded its crypto capacities through partnerships.
The Deutsche Bank deepens the space of digital assets, while the largest lender in Europe explores stablescoins and token deposit solutions to modernize payments.
The bank weighs if he has to issue his own stablecoin or participate in a broader initiative in the industry, Sabih Behzad, said the chief of digital assets and deutsche Bank currencies, in an interview with Bloomberg.
It also assesses the development potential of token deposits which could rationalize the transaction regulations.
Stablecoins gain land as an alternative payment method
The stablecoins, which are set for fiduciary currencies such as the euro or the dollar, as well as the tokenized deposits – representations based on the blockchain of traditional banking deposits – gain ground because banks explore faster and cheaper payment methods.
Although these technologies have been under development for years, large -scale tangible use cases remain limited.
“We can certainly see the momentum of the stablecoins as well as a regulatory support environment, especially in the United States,” noted Behzad.
“Banks have a wide variety of options available – everything, of action as a reserve manager to the publication of their own stablecoin, alone or in a consortium.”
Regulatory clarity contributes to accelerating interest. With EU executives at the EU scale in place and the stablecoin legislation which crosses the US Congress, banks are increasingly confident in entering the sector.
The Deutsche Bank is not alone. The Spanish lender Banco Santander recently started work in the start -up phase on a Stablecoin and plans to offer cryptography services thanks to his digital banking arm.
The Deutsche Bank DWS Deutsche Management Group, in collaboration with Flow Traders and Galaxy Digital, also launched a joint venture to issue a token labeled in Euro.
“I see a role for a European stable, or European banks working on a stablecoin, in particular for regulation purposes in a digital world,” the CEO of Ing Steven Van Rijswijk said this week.
In parallel, the JPMorgan Kinexys network – which supports blockchain -based payments – now treats more than $ 2 billion per day, although this still represents a small bran of 10 billions of dollars of daily JPMorgan.
Deutsche bank deepens in crypto
Deutsche Bank has gradually strengthened its digital asset capacities.
Last year, he invested in Partiary, a cross-border payment platform based on the blockchain.
He also associated himself with the Swiss blockchain company Taurus in 2023 to provide digital asset childcare services to institutional customers.
In addition, the bank participates in Project Agorá, an initiative led by the bank for international establishments and several central banks aimed at exploring the role of tokenization in wholesale cross -border payments.
As indicated, Citigroup has projected a spectacular increase in the Stablescoin market, providing that its total market capitalization could go from nearly $ 240 billion today to more than 2 billions by 2030.
The prediction indicates that the growth of adoption would be motivated by the regulatory developments and the increased interests of financial institutions and the public sector.
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