Is The Largest German Bank Betting On Crypto In The United States?

The tide is turning for traditional banks. According to a recent report, Deutsche Bank and Standard Chartered are currently exploring opportunities to expand in the crypto sector in the United States. The information, although not confirmed by the parties involved, comes amid a rapidly changing American regulatory environment that is increasingly favorable to digital assets.

Crypto: an opening strategy in a changing market

For several years, Deutsche Bank has been actively involved in blockchain technology. As early as 2015, it announced that this innovation would become a standard, anticipating mass adoption. In 2020, it joined JPMorgan’s blockchain interbank payment network, and in 2023, it applied for a license to offer crypto custody services in Germany.

The German bank, while expressing reservations about using bitcoin as a means of payment, has always recognized the growing importance of this market. The rapprochement with the US crypto sector now seems inevitable.

A consortium with global ambitions

Standard Chartered, another major player in the banking sector, is also reportedly involved in this crypto expansion project. The two institutions had already collaborated in 2023 to test a blockchain alternative to the SWIFT network, signaling their shared desire to innovate in international payments.

The report in question does not provide further details on the terms of this future expansion. Deutsche Bank declined to comment, while Standard Chartered did not respond.

Towards a new bullish wave for the crypto market?

If crypto adoption by Deutsche Bank and Standard Chartered is confirmed, the market could react positively. Such institutional involvement would strengthen the sector’s legitimacy, attract new investors, and boost confidence. The probable result: a price increase, especially on major assets like Bitcoin and Ethereum, driven by this institutional momentum.

With this initiative, Deutsche Bank confirms its desire not to remain on the sidelines of the crypto revolution. If these projects come to fruition, they could accelerate institutional adoption of digital assets in the United States and strengthen the bridges between traditional finance and the crypto economy.