Today Swiss digital asset firm Taurus announced a deal with Deutsche Bank to provide the bank with digital asset custody and tokenization technology. Back in February Deutsche Bank was one of the investors in the Taurus $65 million funding. At that time, the bank said it planned to integrate the Taurus solution into its own IT infrastructure.
In June a Deutsche Bank manager said it had applied to BaFin for a digital asset custody license.
Compared to other jurisdictions, Germany has more permissive tokenization legislation, eWpG. While it wasn’t formally announced, Deutsche Bank issued a trial €100,000 digital bond in December 2022, partnering with Cashlink.
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