According to a report on Feb. 21, Deutsche Bank Singapore and Memento Blockchain have successfully completed the proof of concept phase of Project DAMA (Digital Assets Management Access), designed to facilitate the management of digital funds investing in tokenized securities. Per its report, asset managers were able to create a digital asset fund with its own soulbound token and launch a direct fiat-to-digital on-ramp for users. Institutional investors could then subscribe to the fund through the direct minting of tokens, via a decentralized exchange aggregator, or through a built-in marketplace. As the first step, Deutsche Bank and Memento Blockchain created …

Deutsche Bank's asset management arm is in discussions to invest in two German crypto companies, according to people familiar with the matter. Per a Bloomberg report on Feb. 8, DWS Group CEO Stefan Hoops is currently in talks to buy a minority stake in Deutsche Digital Assets, a crypto exchange-traded products provider. It's also in talks with Tradias, a market maker firm owned by Bankhaus Scheich — a traditional finance market maker. Hoops has been bullish about the opportunities presented in the digital assets space. During a recent earnings call, the executive said that DWS has “started to assess strategic …

Bitcoin (BTC) starts a new week in a precarious place as global macro instability dictates the mood. After sealing a weekly close just inches above $19,000, the largest cryptocurrency still lacks direction as nerves heighten over the resilience of the global financial system. Last week proved a testing time for risk asset investors, with gloomy economic data flowing from the United States and, moreover, Europe. The Eurozone thus provides the backdrop to the latest concerns of market participants, who are watching as the financial buoyancy of major banks is called into question. With the war in Ukraine only escalating and …

Analysts from Deutsche Bank forecast Bitcoin (BTC) rebounding to $28,000 by December 2022 as the cryptocurrency market continues to grapple with gloomy times. Bitcoin and the wider cryptocurrency markets have endured a tough six months, with the value of BTC, in particular, enduring its worst quarter in 10 years. Macroeconomic conditions around the world have played a role, with stagnating markets and fears of inflation driving conventional stock markets and their crypto-counterparts down to painful lows. A report from Deutsche Bank analysts Marion Laboure and Galina Pozdnyakova provides an interesting perspective on the medium-term outlook for BTC. Their insights suggest …

As an unlikely but welcome source of hope during crypto market jitters, Deutsche Bank’s report, the “Future of Cryptocurrencies,” sheds light on potentially bullish cryptocurrency activity. A survey critical to the report suggests that neither traders nor investors are likely to part with their crypto holdings in the event of a bear market. Marion Laboure, a director of macro strategy for Deutsche Bank, told Cointelegraph: “It is interesting to note the deep bullishness for cryptocurrencies. Even in an extremely bearish crypto market in which values were to drop 80%, less than half of investors say they would reduce their investments …

Marion Laboure, an analyst at Deutsche Bank’s research division, said she can envision Bitcoin taking the role of digital gold in the future: lasting for centuries and largely not controlled by the government. In an update to Deutsche Bank’s website on “what’s next” for the largest banking institution in Germany, Laboure said she could “potentially see Bitcoin to become the 21st-century digital gold,” but warned investors against the crypto asset’s volatility. According to the analyst, most Bitcoin (BTC) purchases are made for investments and speculation rather than keeping the coins for a medium of exchange. “Just a few additional large …

Bitcoin’s (BTC) market capitalization of $1 trillion and potential for continued growth have made the cryptocurrency “too important to ignore,” according to Deutsche Bank analysts. Deutsche Bank Research, the financial research subsidiary of global banking giant Deutsche Bank, issued a report devoted exclusively to Bitcoin, titled “The Future of Payments: Series 2 Part III. Bitcoins: Can the Tinkerbell Effect Become a Self-Fulfilling Prophecy?” In the 18-page study, Deutsche Bank Research describes the basic characteristics of Bitcoin and analyzes the key drivers of its historical price growth to a $1 trillion asset. Deutsche Bank analysts suggested that the Bitcoin price “could …

Reports that legacy banks like BNY Mellon and Deutsche Bank are becoming active in the cryptocurrency space, including through custody services, should come as welcome news for crypto investors. Lost or misplaced private keys, after all, are a bane of the crypto world — just recall the Welshman who lost 7,500 Bitcoin (BTC), worth about $400 million today, when he landfilled his PC’s hard drive, forgetting it was the sole repository of his private key. Meanwhile, traditional banks are society’s safekeepers par excellence, so maybe they can improve the crypto user experience with regard to private keys at the very …

As multiple banks prepare crypto custody services, holders now have to flip an old Bitcoin saying on its head: are the banks prepared to be their own (and others') bank? Last week BNY Mellon, the oldest bank in the United States, announced they would be providing custody solutions, ceding to pressure from institutional investors. Likewise, documents from December indicate that Deutsche Bank is also planning a custody solution, along with trading and token issuance services. However, while both banks are well-established and have experience handling a wide range of assets, that doesn’t necessarily mean they’re prepared for crypto custody. “Digital …

Deutsche Bank, the largest banking institution in Germany, is confident that central bank digital currencies, or CBDCs, will replace cash in the future. The bank’s research arm, Deutsche Bank Research, published a new report on economic estimations and proposals to assist global economies hit by the coronavirus pandemic. Titled “What We Must Do to Rebuild,” the study was released on Nov. 10. In the report, Deutsche Bank states that the ongoing COVID-19 pandemic has accelerated the “digital cash revolution.” According to the bank, this revolution will eventually enable CBDCs like China’s digital yuan or Sweden’s e-krona to replace cash in …

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note The final scene of Animal Farm, Orwell’s classic fable of revolution gone wrong and a staple of secondary-school reading lists throughout the English-speaking world, features a card game. The pigs who run the farm with an iron hoof host the humans who have gone from enemies of the revolution to drinking buddies of the revolution’s leaders. The book ends with accusations of cheating and a metamorphosis realized. The pigs and the men look just the same. If you squint, …

Bitcoin (BTC) was aiming for $7,000 on April 14 as a sudden $600 dip gave way to a slow grind upwards as the week began. Cryptocurrency market daily overview. Source: Coin360 Filbfilb: BTC needs “game changer” $7,250 close Data from Coin360 and Cointelegraph Markets showed BTC/USD challenging $7,000 resistance on Tuesday. Previously, a slump in traditional market futures produced a sharp downturn, with the pair briefly hitting lows of $6,650 across major exchanges. In the event, the S&P 500 finished down 1% on the day, Bitcoin recovering to press-time levels of $6,900. Bitcoin 1-day price chart. Source: Coin360 Higher up, …