The pricing structure relies on a request-for-quote model where Deka provides a binding price for a limited window. This price is derived from a market reference plus a spread that Deka does not disclose in its public price sheet, which is dated September 2026. Deka reserves the right to adjust pricing during periods of high volume or volatility. While custody of assets is provided free of charge through a shared omnibus wallet where Deka holds private keys in trust, withdrawals are restricted to addresses at four approved providers: Crypto Finance, Tangany, Bullish Europe, and Börse Stuttgart Digital Custody. Börse Stuttgart Digital Custody became the first German firm licensed under the EU’s Markets in Crypto-Assets Regulation (MiCA) in January 2025 and collaborates with Deka on custody for this new service.
The German Savings Banks Association (DSGV) stated that 30 to 40 additional banks are expected to join the service every month. DSGV executive board member Joachim Schmalzl said the group aims to connect a large share of interested Sparkassen in the first half of 2027. Each individual Sparkasse retains the autonomy to decide whether and when to participate. The launch follows a reversal of previous policy; the DSGV board voted against a crypto offer in 2022 after floating the idea in December 2021, and committees urged banks to stay out of the sector by early 2024. The board reversed this position in 2025, citing customer demand and the legal clarity provided by MiCA.
Customers are explicitly warned about the risk of sharp price swings and total loss. The savings banks will not provide investment advice or broadly promote the service. Deka’s website notes that crypto holdings are not covered by statutory deposit insurance. Regarding taxation, Deka’s published information identifies a €1,000 annual exemption threshold for applicable private disposal transactions, though it clarifies that tax treatment depends on holding periods, transaction types, and individual circumstances. The bank advises that tax requirements may change as laws and administrative interpretations develop.
The next major milestone for the rollout is the first half of 2027, when the DSGV targets broad adoption among interested member banks. The service is currently live for the initial five banks, with further expansions dependent on individual bank decisions and the ongoing integration of the Deka platform.
