Thread by @CryptoKingKeyur

🚨 BREAKING: Deutsche Bank, the $1.4 TRILLION banking giant, just made a SHOCKING move into the #CRYPTO world 🔥

A thread 🧵

1️⃣ The world of finance is about to witness a groundbreaking move as Deutsche Bank, Germany's largest lender, seeks a #crypto custody license!

2️⃣ #Crypto custody services are the future, and Deutsche Bank knows it!

👉 They're ready to store and manage digital assets like never before, opening the floodgates for institutional and individual investors to dive into the lucrative world of cryptocurrencies.

3️⃣ David Lynne, the head of Deutsche Bank's commercial banking arm, spilled the beans, saying, "We're building out our digital assets and custody business. We just put our application into the Bafin for the digital asset license."

4️⃣ If granted the license, Deutsche Bank will have the power to safeguard #crypto like #Bitcoin, Ethereum, and more, on a massive scale!

5️⃣ This move is not just about embracing the future, but also about boosting Deutsche Bank's bottom line.

👉 The bank aims to supercharge its fee income at the corporate banking unit, and #crypto custody services are the golden ticket to achieving that goal!

6️⃣ Deutsche Bank hinted at becoming a #crypto custody provider back in 2020, but kept us hanging for specifics.

👉 Well, the wait might finally be over! Rumor has it that they're about to shake things up with a game-changing timeline!

7️⃣ In a stroke of brilliance, Deutsche Bank's asset management arm, DWS, teamed up with Galaxy Digital earlier this year.

👉 Together, they're launching exchange-traded products (ETPs) for digital assets.

8️⃣ Deutsche Bank's #crypto custody license is the latest sign that the financial world is waking up to the enormous potential of cryptocurrencies.

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