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– Germany’s largest bank, Deutsche Bank, is reportedly going to allow its customers to store cryptocurrencies, including bitcoin, from next year.

Deutsche Bank is set to launch a digital asset storage service in 2026, partnering with the technology arm of Austrian cryptocurrency exchange Bitpanda, Bloomberg reported Tuesday.

Swiss technology provider Taurus, which is backed by Deutsche Bank, will also take part in the development of the cryptocurrency storage service, Bloomberg reported, citing sources familiar with the matter.

If Deutsche Bank’s plans are confirmed, it will be another attempt by the bank to enter the cryptocurrency market, as it announced its intentions back in 2020.

In early June, Sabih Behzad, head of Deutsche Bank’s digital assets department, said that the bank is considering the possibility of entering the stablecoin market, including issuing its own stablecoin or participating in stablecoin projects.

“We certainly see the development of steiblcoins along with a favorable regulatory backdrop, especially in the U.S.

the U.S., Behzad said, adding:

“Banks have a wide range of opportunities to participate in the steiblcoin industry, from being a reserve manager to issuing their own steiblcoin, either on their own or as part of a consortium.

In addition, Deutsche Bank is reportedly exploring the possibility of developing its own tokenized deposit solution for use in payments.

Late last year, it was reported that Deutsche Bank was developing its own Layer 2 (L2) blockchain on Ethereum using ZKsync technology.

In 2023, Deutsche Bank announced plans to launch cryptocurrency storage options in partnership with Taurus shortly after applying for a license to store digital assets in Germany.

Deutsche Bank has also previously engaged with Bitpanda to improve cryptocurrency payments on the cryptocurrency exchange, at least from June 2024.

Deutsche Bank did not immediately provide a comment when asked by Cointelegraph. Bitpanda declined to confirm or deny the information.