Deutsche Bank Explores Stablecoins and Tokenized Deposits (1)

Deutsche Bank AG is examining stablecoins and different forms of tokenized deposits, as large financial institutions grow more confident expanding in the digital-asset sector.

Germany’s largest lender is evaluating stablecoin options, which could include issuing its own token or joining an industrywide initiative, Sabih Behzad, Deutsche Bank’s head of digital assets and currencies transformation, said in an interview. The bank is also assessing whether to develop its own tokenized deposit solution for use in payments, he added.

With European Union-wide regulations in place and stablecoin legislation making its way through the US Congress, global banks are trying to figure out ...