The post Deutsche Bank evaluates issuing stablecoins and tokenized deposits appeared on BitcoinEthereumNews.com.

Deutsche Bank AG is actively exploring stablecoins and various forms of tokenized deposits as major financial institutions gain confidence in expanding their presence within the digital asset space. Sabih Behzad, Deutsche Bank’s head of digital assets and currencies transformation, explained in an interview that the bank is considering different strategies, including issuing its own token or collaborating on an industry-wide initiative. He added that the bank is also assessing whether to develop its own tokenized deposit solution for payment use. EU-wide standards already exist, US Congress is passing stablecoin legislation, and global banks are examining how these tokens and blockchain technology can improve productivity. Even though some of these projects have had years to gain traction, not many have quite broken through to real-world, mainstream scale. Behzad said they can certainly see the momentum of stablecoins along with a regulatory supportive environment, especially in the US.  He noted that banks have a wide variety of options available to engage in the stablecoin industry — everything from acting as a reserve manager to issuing their own stablecoin, either alone or in a consortium. Stablecoins—digital tokens pegged to currencies like the dollar or euro—and tokenized deposits both represent money on a blockchain, designed to make payments faster and more cost-effective. Tokenized deposits are usually digital tokens issued by regulated banks, representing claims on bank deposits, essentially reflecting bank account balances on a blockchain. European banks and major players drive stablecoin innovation and adoption According to Bloomberg News, Banco Santander SA is reportedly in the early stages of its plans to launch a stablecoin and offer cryptocurrency access to retail clients via its digital bank. Deutsche Bank’s asset management arm, DWS Group, has teamed up with Dutch market maker Flow Traders Ltd. and crypto fund manager Galaxy Digital Holdings Ltd. to create a…

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Filed under: News - @ June 7, 2025 12:17 am