Bloomberg: Deutsche Bank has applied for a digital asset license.

According to a BlockBeats report on June 20th, Deutsche Bank AG has applied for regulatory approval to offer custody services for digital assets such as cryptocurrencies. David Lynne, head of Deutsche Bank's commercial banking division, stated that "we have just submitted an application for a digital asset license to the German Federal Financial Supervisory Authority (BaFin). This is part of Deutsche Bank's broader strategy to increase corporate banking transaction fee income." Note: Deutsche Bank AG is a privately owned corporation and is Germany's largest bank and one of the world's most significant financial institutions.