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<p>Deutsche Bank, Germany&#39;s largest banking institution, has applied for a digital asset custody license with German financial regulator BaFin. The move signifies the bank&#39;s shift in approach toward the crypto industry, following a cautious stance in the past. Deutsche Bank&#39;s investment arm, DWS Group, has already shown interest in investing in two German <strong><a href="https://www.coingabbar.com/en/crypto-currency-news/competition-soars-as-hong-kong-retail-crypto-trading-begins" rel="noopener noreferrer nofollow">crypto firms</a></strong>. The bank&#39;s corporate division had previously announced plans to offer digital asset-related services, and now the commercial banking unit is building its digital assets and custody business. Germany&#39;s banking industry is gradually embracing cryptocurrencies as it explores new revenue streams.</p>

Deutsche Bank Applies for Crypto Custody License, Embraces Digital Assets

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