U.S. Mega Bank Sets Up Bitcoin Custody Service, With Other Cryptos To Follow
U.S. banks have been taking the plunge into crypto. The rising popularity of the crypto market has seen more demand from banks’ customers for more exposure and although banks are prohibited from directly maintaining self-custody of cryptocurrencies, they are turning to third-party solutions to gain exposure. The latest in the long line of banks rolling […]
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Kim Dotcom is a well-known person in the cyber world as the founder of the now defunct file-sharing service Megaupload. Now, Dotcom is not only creating a new sharing service called Mega 2.0 but has made it well known that Bitcoin will be a major part of the platform. Mega 2.0, Bitcache, MegaNet. The new service that Dotcom has been working on called....
US Bank has launched its cryptocurrency custody services. “Investor interest in cryptocurrency and demand from our fund services clients have grown strongly over the last few years,” the bank said.
US Bank’s Crypto Custody Services Now Live
U.S. Bank announced Tuesday that its cryptocurrency custody services are now live and available to its Global Fund Services clients.
U.S. Bancorp, with nearly 70,000 employees and $559 billion in assets as of June 30, is the parent company of U.S. Bank, the fifth-largest bank in the country. The....
BBVA, the second-largest bank in Spain, has announced the launch of its bitcoin trading and custody service through its Swiss subsidiary. Beginning with bitcoin, BBVA plans to expand its services for other cryptocurrencies. BBVA Rolls Out Bitcoin Trading and Custody Services BBVA announced on Wednesday that it “has begun to roll out the trials of what will become its first commercial service for the trading and custody of digital assets.” BBVA (Banco Bilbao Vizcaya Argentaria) is Spain’s second-largest bank after Banco Santander. The group was founded in 1857 and has 727....
SC Ventures, the innovation and ventures unit of Standard Chartered, will launch a crypto custody service targeting institutional investors in London next year. According to a Dec. 9 press statement, the British bank is partnering with U.S. wealth and asset management firm Northern Trust for the project. Together, they will launch a new business called Zodia Custody. The deal is still subject to registration with the U.K. Financial Conduct Authority (FCA) and other regulatory approvals. At launch, Zodia will provide custody services for bitcoin (BTC), ether (ETH), ripple (XRP), litecoin....
South Korea’s Shinhan Bank has invested in a crypto custody service backed by local crypto exchange Korbit. Shinhan Bank, the oldest banking institution in South Korea, continues its efforts to introduce digital asset custody services with a new investment.According to a Jan. 7 report by news agency Yonhap, Shinhan Bank has invested in Korea Digital Asset Trust, or KDAC, an industry consortium of businesses that provide digital asset custody. The initiative was launched by Korbit in collaboration with blockchain startup Blocko and digital asset research company Fair Square Lab.With the new....