Deutsche Bank and Standard Chartered Are Expanding Their Crypto Operations in the United States

Two of the world’s leading financial institutions, Deutsche Bank and Standard Chartered, are preparing to expand their crypto operations in the United States

Two of the world’s leading financial institutions, Deutsche Bank and Standard Chartered, are preparing to expand their crypto operations in the United States, according to sources familiar with the matter, as reported by The Wall Street Journal.

This development comes amid a shifting regulatory climate in the Trump administration, which has introduced more favorable policies for the digital asset sector after years of cautious distancing by traditional banks following industry-wide scandals, such as the FTX collapse and the shutdown of crypto-friendly banks Silvergate and Signature.

However, traditional banks appear to be slowly reassessing their stance on crypto as the Trump administration has launched initiatives, including a national digital asset reserve and overhauled the Securities and Exchange Commission’s approach to crypto oversight, prompting renewed interest from institutional players.

Deutsche Bank’s latest push deepens its global footprint in crypto. In January 2025, the German bank became the new banking partner for Bison, the Börse Stuttgart Group’s crypto trading app, assuming responsibility for safeguarding customer euro balances.

This partnership followed a collaboration with Crypto.com in Asia earlier this year, where Deutsche Bank is offering a range of corporate banking services across Singapore, Australia, and Hong Kong. According to sources, Deutsche Bank plans to introduce a similar offering in the U.S., focusing on providing fiat-to-crypto ramps and cross-border transaction support.

Moreover, Deutsche Bank is said to be in talks with several U.S. crypto firms to facilitate their integration with the German bank’s systems for smoother operations.

Standard Chartered is also expanding its crypto footprint with new initiatives. In April, the British multinational banking group unveiled a digital collateral mirroring program in partnership with cryptocurrency exchange OKX and U.S. investment firm Franklin Templeton.

The program, named “DeFi Chain Liquidations & Asset Mirror,” is designed to allow institutional investors to use tokenized assets, such as BTC and ETH, as collateral for trades, despite these assets not being natively recognized by U.S. institutions.

The service, regulated by Dubai’s Virtual Assets Regulatory Authority (VARA), is being launched in the Middle East first and could serve as a blueprint for future U.S. offerings.

In addition, Standard Chartered is venturing into the stablecoin market through its Hong Kong arm, SCBHK. Together with Animoca Brands and HKT, a subsidiary of sprawling conglomerate Jardine, the bank is developing a Hong Kong dollar-pegged stablecoin.

The initiative has already secured approval from the Hong Kong Monetary Authority, and Standard Chartered is now preparing to apply for an issuance license.