Deutsche Bank Launched Crypto Custody With Bitcoin and Ethereum but Not XRP or Solana. Why Were They Left Out?

Deutsche Bank (NYSE:DB | DB Price Prediction) formally launched its crypto custody service for institutional and company purchasers on November 11, 2026. The financial institution is holding Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and three stablecoins: USDC, EURC, and EURAU. In crypto custody, the financial institution manages the personal keys—the key codes that management the cash—so purchasers don’t should deal with them themselves. Nonetheless, XRP (CRYPTO:XRP) and Solana (CRYPTO:SOL) are absent from the checklist.

The announcement didn’t raise any of the 4 cash. Even with a shout-out from Michael Saylor, a distinguished Bitcoin advocate, who posted “Deutsche ₿ank” on X, Bitcoin trades at $71,297, down 3% in 24 hours, whereas Ethereum trades at $1,998, down 2.7%. XRP and Solana commerce at $1.02 and $81, respectively, each down 3.4%.

So why did Germany’s largest financial institution restrict its crypto custody service to Bitcoin and Ethereum, and what does that imply for XRP and Solana holders?

Deutsche Bank Holds 5 Property, and One Comes From Its Company Household

The financial institution’s September 16 announcement stated it might start with a “chosen vary of digital property,” naming Bitcoin, Ethereum and the stablecoins USDC, EURC and EURAU. EURAU is an e-money token, a stablecoin that EU regulation treats like digital money and backs it one-for-one with a forex. The financial institution’s custody web page confirms these 5 property, whereas XRP and Solana are conspicuously absent.

The launch timing was linked to the regulatory course of. Deutsche Bank’s entry within the EU’s MiCA register is dated October 12 and names Germany’s BaFin as its regulator. The service is accessible in Germany, with cross-border servicing throughout Europe.

Eligible purchasers embody institutional buyers, multinational firms, governments and wealth managers, who can entry the service by way of Autobahn, the financial institution’s company platform. The service covers custody and transfers, but not buying and selling, and Deutsche Bank has but to reveal its first purchasers or pricing.

EURAU additionally has a direct tie to the financial institution. Its issuer, AllUnity, is a three way partnership between DWS, Move Merchants and Galaxy, and DWS is the financial institution’s majority-owned asset supervisor. Deutsche Bank has additionally signed a memorandum of understanding with DWS to discover tokenized cash market funds, crypto-asset exchange-traded commodities and stablecoins. So one of many 5 slots went to a coin from the financial institution’s circle of relatives of firms.

Deutsche Bank’s Solely Said Motive Is Shopper Demand

In its announcement, Deutsche Bank stated the vary of supported property “could also be expanded over time, topic to shopper demand and the financial institution’s product-approval, danger administration and regulatory processes.” The financial institution gave no different cause for excluding XRP or Solana, nor did it say it reviewed and rejected these cash.

The announcement additionally didn’t identify a settlement asset—a coin the financial institution may use to maneuver funds between events. Paul Maley, the financial institution’s international head of belief and securities companies, stated the medium-term purpose is a completely built-in, regulated ecosystem supporting the custody, tokenization and settlement of digital property. That imaginative and prescient doesn’t commit the financial institution to utilizing Bitcoin, Ethereum, or every other cryptocurrency for funds.

It mirrors Cross River Bank’s RLUSD deal, the place the financial institution used Ripple’s stablecoin for settlement with out holding XRP.

Rival Banks Present XRP and Solana Can Clear a Compliance Assessment

EU rules don’t clarify the exclusion both. MiCA types cryptocurrencies into asset-referenced tokens, e-money tokens and different crypto-assets. By our studying, Bitcoin, Ethereum, XRP and Solana all fall into the final class, so EU regulation treats the 4 alike, whereas solely the stablecoins belong to a unique class.

In reality, a number of massive establishments already deal with XRP and Solana or plan to. Itaú Unibanco (NYSE:ITUB) registered with Brazil’s central bank on October 27 to commerce and custody 15 digital property, together with XRP and Solana. Charles Schwab (NYSE:SCHW) introduced plans in October to add Solana, Avalanche and Chainlink alongside Bitcoin and Ethereum by the top of 2026.

Schwab’s rollout mirrors Deutsche Bank’s: it begins with the 2 largest cryptocurrencies and provides extra later, although Schwab is a brokerage whose fee schedule serves retail merchants. Custody banks have adopted the identical sample, as BNY (NYSE:BK) started with Bitcoin and Ethereum in October 2022.

Dimension in all probability performs an element in that order. Bitcoin holds the highest spot by market worth, adopted by Ethereum, whereas XRP and Solana rank sixth and seventh. We predict Deutsche Bank prioritized the property that pension funds and company treasurers ask for first.

Will Deutsche Bank Add XRP or Solana, and Would Both Coin Achieve?

XRP and Solana had been seemingly excluded from Deutsche Bank’s preliminary lineup as a result of institutional buyers demand them lower than Bitcoin and Ethereum, and the financial institution’s acknowledged take a look at is shopper demand plus its personal approvals. If both coin seems on the custody web page, or the financial institution names one as a settlement asset, the exclusion ends, and the financial institution’s deliberate enlargement into Asian monetary facilities in 2027 might be the following level the place the checklist adjustments.

Even then, a custody itemizing earns the financial institution a charge but provides a coin no assured purchaser, as a result of custodians maintain what purchasers have already purchased. Till Deutsche Bank names XRP or Solana as a settlement asset, the financial institution in all probability isn’t a cause for both coin’s worth to rise.

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