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 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.