Deutsche Bank is studying stableecoins and tokenized deposits as part of its growing strategy for digital assets, joining other major banks investigating blockchain infrastructure for payments and settlement.
The bank is considering whether to issue his own stableecoin or join a wider industrial initiative, Bloomberg reported, citing Sabih Behzad, Deutsche Bank’s head of digital assets and currency transformation.
It also weighs the development of a tokenized deposit system aimed at making payments more effective, according to the report.
Larger banks in the United States are currently weighing the launch of a common stableecoin in an attempt to ward off competition from the cryptocurrency room. These reportedly include heavy weights such as JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C) and Wells Fargo (WFC).
Regulatory clarity in the European Union and pending stableecoin legislation in the United States has helped to speed up stableecoin adoption. Behzad said Banks has opportunities that range from acting as reserve managers to launching their own digital tokens.
Deutsche Bank has said in a research report that stableecoins are on the verge of mainstream resolution when crypto re -announcement goes on during the Donald Trump administration.
Germany’s largest lender, meanwhile, has invested in cross -border paying firm Parior and joined Project Agorá, a central bank -backed initiative that focused on wholesale tokenized payments.
