According to Foresight News, Deutsche Bank, a banking giant with over $1.4 trillion in assets under management, has signed a global partnership agreement with Swiss crypto infrastructure company Taurus SA to provide digital asset custody and tokenization services for its clients. Deutsche Bank will integrate Taurus's custody and tokenization technology to manage cryptocurrencies, tokenized assets, and digital currencies. Taurus co-founder Lamine Brahimi expressed his anticipation in supporting Deutsche Bank in launching digital asset and DLT-based products and services.
Deutsche Bank applied for a digital asset custody license in June this year, and participated in Taurus's $65 million Series B funding round in February, as previously reported by Foresight News.