US Bank to Offer Crypto Custody with New Services
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27 April
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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.

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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.

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