Deutsche Bank Explores Stablecoins and Tokenized Deposits in Digital Strategy
Deutsche Bank is exploring stablecoins and tokenized deposits as part of its digital assets strategy. Key points include:
- The bank may issue its own stablecoin or participate in a broader industry initiative.
- A tokenized deposit system is under consideration to enhance payment efficiency.
- Major U.S. banks, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, are also evaluating a joint stablecoin to compete with the cryptocurrency sector.
- Regulatory clarity in the EU and upcoming U.S. stablecoin legislation are driving adoption.
- Deutsche Bank noted that stablecoins could achieve mainstream adoption due to regulatory advancements.
- The bank has invested in cross-border payments firm Partior and joined Project Agorá for wholesale tokenized payments.