Deutsche Bank and JPMorgan build on Ethereum for institutional services

Two of the biggest names in global banking are now building on Ethereum. Deutsche Bank is preparing a digital asset custody service for institutions, and JPMorgan’s JPM Coin has moved onto Ethereum’s main network. What Deutsche Bank is launching Deutsche Bank first announced its custody service on September 16, 2026, then followed up with updates in October 2026. The offering is built for institutional clients, not retail traders. The bank’s target list includes corporates, asset managers, hedge funds and sovereign institutions. The initial asset lineup covers ether (ETH), Bitcoin (BTC), USDC, EURC and EURAU. The launch is planned for Germany first, with further expansion across Europe expected afterward. Deutsche Bank aims to go live within weeks, but only once the necessary regulatory approvals land. JPMorgan takes JPM Coin to mainnet Over at JPMorgan, the bank’s blockchain unit Kinexys moved JPM Coin (JPMD) to the Ethereum mainnet around October 19, 2026. The change enables on-chain payments and peer-to-peer transfers inside the Ethereum ecosystem. Before this, JPM Coin ran on Base, an Ethereum Layer 2 network. JPM Coin also slots in next to JPMorgan’s tokenized money-market fun...