According to CoinMeta, Deutsche Bank, as Germany's largest bank, has launched an encrypted custody service that allows institutional clients to hold and transfer Bitcoin (BTC), Ethereum (ETH), and stablecoins. This service is available across Europe, and Deutsche Bank will be responsible for managing clients' wallets and private keys. In addition, Deutsche Bank has also signed an agreement with Deutsche Asset Management to explore tokenized financial products. This asset management department manages nearly $1.4 trillion in assets and plans to launch tokenized money market funds.