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Report: Deutsche Bank Assesses Leveraging Stablecoin Tech or Consortium Role

Deutsche Bank AG is exploring stablecoins and tokenized deposits as large financial institutions increase digital asset investments.

German Financial Giant Ponders Stablecoin Use and Token Deposits
Bloomberg reports that Germany’s largest lender is evaluating stablecoin options, which could involve issuing its own token or joining an industry initiative, according to Sabih Behzad, Deutsche Bank’s head of digital assets and currencies transformation.

Behzad, in an interview reported by Bloomberg News reporters Arno Schuetze and Anna Irrera, added the bank is also assessing whether to develop its own tokenized deposit solution for payments. The report further notes that the exploration occurs as EU regulations solidify and U.S. stablecoin legislation advances.

Report: Deutsche Bank Assesses Leveraging Stablecoin Tech or Consortium Role

Deutsche Bank AG is exploring stablecoins and tokenized deposits as large financial institutions increase digital asset investments.

German Financial Giant Ponders Stablecoin Use and Token Deposits
Bloomberg reports that Germany’s largest lender is evaluating stablecoin options, which could involve issuing its own token or joining an industry initiative, according to Sabih Behzad, Deutsche Bank’s head of digital assets and currencies transformation.

Behzad, in an interview reported by Bloomberg News reporters Arno Schuetze and Anna Irrera, added the bank is also assessing whether to develop its own tokenized deposit solution for payments. The report further notes that the exploration occurs as EU regulations solidify and U.S. stablecoin legislation advances.

https://news.bitcoin.com/report-deutsche-bank-assesses-leveraging-stablecoin-tech-or-consortium-role/