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- Hey Square fam! How many Alpha points have you racked up lately?
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Deutsche Bank explores stablecoin business and tokenization of deposits.
Gate News bot message, according to a report by Bloomberg, Deutsche Bank is evaluating the application prospects of stablecoins and tokenization deposits.
The bank is currently evaluating two specific directions: first, issuing its own stablecoin or joining an industry consortium stablecoin project; second, researching the application of tokenization of deposits in payment scenarios, aiming to optimize payment and settlement processes.
Reports indicate that Deutsche Bank has laid out plans in the digital asset space, including investing in the blockchain cross-border payment platform Partior and establishing a partnership with Swiss blockchain company Taurus to develop digital asset custody services for institutional clients.
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