Deutsche Bank AG, Germany’s largest lender, is exploring stablecoins and tokenized deposits as the financial giant moves deeper into digital assets, according to a Bloomberg report Friday.
The bank’s asset management division, DWS Group, has partnered with Flow Traders and Galaxy Digital to establish AllUnity, a venture focused on issuing a euro-denominated stablecoin. The collaboration represents a significant step by a major traditional financial institution toward mainstream adoption of tokenized assets.
Deutsche Bank is also testing stablecoin payments and blockchain interoperability features that could transform cross-border transactions. The initiatives reflect a growing trend among established financial institutions embracing blockchain technology for commercial applications.
The move comes as regulatory frameworks for digital assets continue evolving across Europe, with financial institutions seeking to position themselves in the emerging tokenized economy. Deutsche Bank’s exploration of stablecoins follows similar initiatives by other major banks worldwide.
DWS Group, Flow Traders and Galaxy Digital have not immediately responded to requests for comment regarding the AllUnity partnership’s timeline or specific implementation plans.
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