iHodl.com
Main page News, US Market, Crypto Market, Cryptocurrency
Hot topic
April 27, 2021

US Bank, an American bank holding company, is preparing to launch cryptocurrency custodian services as it finalizes its internal reviews. According to an official announcement, the bank plans to reveal additional details in the coming weeks.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

While the bank's custodian intermediary remains unknown, US Bank earlier has been selected to administer NYDIG’s ETF bitcoin fund. Christine Waldron, Chief Strategy Officer for US Bank Global Fund Services, said the bank's decision to offer custodian services for cryptocurrencies demonstrates its ongoing commitment and enthusiasm to grow the market.

US Banks Seek Regulatory Clarity to Offer Crypto Custody

US Bank's new initiative comes after it joined a funding round for Securrency, a developer of institutional-grade blockchain-based financial and regulatory technology. The company raised a total sum of $30 million from WisdomTree Investments, Abu Dhabi Catalyst Partners Limited (ADCP), State Street, and many others.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.