Deutsche Bank has partnered with Crypto.com, becoming its corporate banking provider across Singapore, Australia, and Hong Kong, with plans to expand coverage further.
The partnership aims to deliver seamless corporate banking capabilities, boost operational efficiency, and strengthen Crypto.com’s financial infrastructure in the Asia-Pacific region.
This collaboration with a blue-chip banking institution comes on the heels of Crypto.com securing a principal license from Mastercard, enabling it to issue cards on the payments giant’s network.
Karl Mohan, GM of APAC & MEA and Global Head of Banking Partnerships at Crypto.com, expressed his excitement about the alliance:
“Teaming up with one of the world’s leading financial services providers further cements our already strong global presence. We are thrilled to build on this foundation with Deutsche Bank’s support.”
The announcement coincides with an upward trend in the cryptocurrency industry following Donald Trump’s election win, which has boosted investor confidence. Trump’s administration has signaled support for digital assets, including appointing former PayPal COO David Sacks as the “White House AI and Crypto Czar.”
While Crypto.com faces regulatory scrutiny—having recently filed a lawsuit against the SEC after receiving a Wells Notice warning of potential enforcement—the partnership with Deutsche Bank underscores its commitment to establishing a solid banking foundation for its operations.