The $1.5 trillion banking giant Deutsche Bank is preparing to add a new move to its strategic initiatives in the digital asset space. Speaking to Bloomberg, Head of Digital Assets and Currency Transformation Sabih Behzad stated that the bank is considering launching its own stablecoin or participating in an industry-wide project.
This development is directly linked to the steps the bank has taken in recent years in blockchain, tokenization, and digital asset custody. The bank’s goal is to become an institutional player in the stablecoin market, leveraging the evolving regulatory environment.
Stablecoin Plans
According to the information provided by Behzad, Deutsche Bank is following a multi-faceted strategy in the stablecoin space. The bank is keeping both options on the table: issuing its own digital currency and joining a stablecoin project developed through collaboration with multiple institutions.
“With a supportive regulatory environment in the U.S., we clearly see the momentum of stablecoins,” said Behzad, noting that these assets are rapidly transforming into strategic financial tools. For banks, entering this space includes various paths such as becoming a reserve manager, issuing their own currency, or participating in sector collaborations.
Deutsche Bank’s interest in this area is not new. The bank previously invested in Partior, a blockchain-based cross-border payments company, and joined the BIS (Bank for International Settlements) Agorá Project, participating in tokenization tests for wholesale payment systems.
Existing Infrastructure Is Ready: Taurus Partnership and Custody Services
Deutsche Bank’s push into digital assets is not limited to stablecoins. In September 2023, the bank partnered with Switzerland-based blockchain technology firm Taurus. Through this partnership, Taurus’s digital asset custody and tokenization services were integrated into Deutsche Bank’s infrastructure.
At the time, Deutsche Bank’s Global Head of Securities Services Paul Maley emphasized that digital assets are “expected to reach a scale of trillions of dollars,” and thus banks need to be prepared for this transformation.
Stablecoins Are Becoming Mainstream
In a report published in May 2025, Deutsche Bank analysts stated that stablecoins have now become a part of mainstream finance. The report noted that while the market size of stablecoins was $20 billion in 2020, it has now reached $246 billion.
The same report mentioned that upcoming U.S. stablecoin regulations will solidify the legitimacy of these assets in 2025. This makes the timing ideal for large institutions like Deutsche Bank to step into the field.
Deutsche Bank’s strategic move is not only institutional but also part of building a structure that offers globally scaled, regulation-compliant digital solutions. The fact that Banco Santander has also submitted an application for a stablecoin project during the same period shows that this trend is not unique to Deutsche Bank.
