Deutsche Bank is studying stables and tokenized deposits as part of his growing digital asset strategy, joining other important banks that explore Blockchain infrastructure for payments and liquidation.
The bank is considering whether to issue its own stable or join an initiative of the broader industry, Bloomberg reported, citing Sabih Behzad, the head of digital assets of Deutsche Bank and currency transformation.
It is also wearing the development of a tokenized deposit system aimed at making payments more efficient, according to the report.
The main banks in the US are currently weighing the launch of a set stablocin in an attempt to defend against the competition of cryptocurrency space. According to reports, these include heavyweights such as JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C) and Wells Fargo (WFC).
Regulatory clarity in the European Union and the outstanding legislation of Stablecoin in the United States have helped accelerate the adoption of stable. Behzad said banks have options from acting as reserve managers to launch their own digital tokens.
Deutsche Bank has said in an investigation report that Stablecoins is on the verge of conventional adoption as cryptographic legislation progresses under the Donald Trump administration.
Meanwhile, the largest lender in Germany has invested in the signing of cross -border payments in part and joined the AGORÁ project, an initiative backed by the Central Bank focused on tokenized payments wholesale.
