German banking giant Deutsche Bank just entered a global agreement with Swiss digital asset infrastructure firm Taurus that anticipates further growth in crypto adoption.
In a statement, Taurus says the partnership will enable Deutsche Bank to use its custody and tokenization technology to manage cryptocurrencies, tokenized assets and digital currencies.
Says Taurus co-founder Lamine Brahimi,
“We are pleased to implement this global partnership with Deutsche Bank and look forward to supporting the bank in launching digital assets and DLT (distributed ledger technology)-based products and services across several booking centers.”
According to a 2020 World Economic Forum report, Deutsche Bank already plans to launch a new digital custody platform for institutional clients as early as three years ago.
“The platform will be embedded with a full