Crypto custody services – DIGIT INFO

BNY nears crypto custody for ETFs after SEC softens SAB 121 stance

DIGIT — Tue, 24 Sep 2024 21:31:27 +0000

Bank of New York Mellon will not be held to SEC accounting practices for client crypto custody after a review.

US Federal Reserve Board Issues Policy Statement That Limits Banks’ Crypto Related Activities

DIGIT — Sat, 28 Jan 2023 19:30:45 +0000

The United States Federal Reserve Board said on Jan. 27 that both insured and uninsured banks will be subjected to limits on certain activities including those that are associated with crypto assets. The board’s latest action does not preclude a state member bank or prospective applicant from providing crypto-assets safekeeping services. Limiting Regulatory Arbitrage The […]

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Fireblocks to Acquire Crypto Payment Platform for a Reported $100 Million

DIGIT — Sun, 20 Feb 2022 13:30:59 +0000

Digital asset custody service provider Fireblocks has announced it will acquire First Digital, a fellow Israeli company, for $100 million. The acquisition, which is said to be Fireblocks’ first, comes less than three weeks after the company revealed it raised $550 million in Series E funding. Fireblocks’ $8 Billion Valuation Fireblocks, a digital asset custody […]

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Texas Announces State-Chartered Banks Can Provide Cryptocurrency Custody Services

DIGIT — Sat, 12 Jun 2021 13:30:10 +0000

The Texas Department of Banking has announced that state-chartered banks can provide cryptocurrency custody services. “The Texas Department of Banking believes that the authority to provide these services with respect to virtual currencies already exists,” the banking authority said. Texas State-Chartered Banks Officially Authorized to Offer Crypto Custody Services The Texas Department of Banking issued […]

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Co-Founder of South Africa’s Crypto Index Fund Reveals the Plan to Launch Country’s First Bitcoin ETF

DIGIT — Fri, 16 Apr 2021 06:30:57 +0000

Earle Loxton, the cofounder of EC10 (formerly DCX Capital) the institution behind the South African crypto index fund, says plans are afoot to launch the country’s first exchange-traded fund (ETF). The ETF is expected to offer South African institutional investors an indirect way of getting exposure to bitcoin. According to Loxton, an application for this […]

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German Bank Donner & Reuschel to Offer Crypto Custody Services in Response to a ‘High Market Demand’ in the Country

DIGIT — Wed, 10 Mar 2021 04:46:56 +0000

Cryptocurrency adoption among the traditional banking industry keeps spreading across the board, and it has arrived at a bank based in Hamburg, Germany. Donner & Reuschel is set to make its inception into the crypto business by offering related custody services. Bank Will Also Explore Further Blockchain Projects According to the local magazine Asscompact, the […]

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Anchorage Obtains Federal License to Operate as Crypto Bank From the OCC

DIGIT — Fri, 15 Jan 2021 06:30:00 +0000

The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approval to crypto custodian Anchorage to launch the first federally chartered digital asset bank in the country. In a statement on Jan. 13, 2021, the OCC said the company received the national trust banking charter, which allows it to create Anchorage Digital […]

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Major South Korean Bank Shinhan Is Set to Offer Crypto Custody-Related Services

DIGIT — Fri, 08 Jan 2021 23:00:25 +0000

A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank Expects to Offer Tech Capabilities to Face Defi-Related Hacking Risks According to inews24, the bank announced the investment in the […]

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South Korea’s Largest Bank Unveils Bitcoin Custody Services

DIGIT — Sun, 09 Aug 2020 03:30:50 +0000

KB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer bitcoin custody services. In January, the government-owned bank filed its trademark application for digital assets custody with the Korean Intellectual Property Office. The trademark is called Kbdac. […]

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