Frankfurt, Germany: Deutsche Bank is actively exploring stablecoins and tokenized deposits as part of its expanding digital assets strategy. This move aligns with other major banks investigating blockchain infrastructure for payments and settlements. (Source: Bloomberg)
The bank is evaluating the possibility of issuing its own stablecoin or participating in a broader industry initiative. According to Sabih Behzad, Deutsche Bank's head of digital assets and currencies transformation, they are also considering developing a tokenized deposit system to enhance payment efficiency. (Source: Bloomberg)
Major U.S. banks, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, are reportedly considering launching a joint stablecoin to compete with the cryptocurrency market. Regulatory clarity in the European Union and upcoming stablecoin legislation in the U.S. have facilitated the adoption of stablecoins. Deutsche Bank has invested in cross-border payments firm Partior and joined Project Agorá, a central bank-backed initiative focused on wholesale tokenized payments. (Source: Bloomberg)