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Woori Financial Group, one of the biggest financial conglomerates in South Korea, will offer crypto custody services. The bank will develop a joint venture effort with Coinplug, a blockchain-based developing company. This conglomerate signals the third bank entering the market in the country, after KB Kookmin Bank and Shinhan Bank. Woori Financial to Develop Joint … Read more
Fidelity Digital is planning to hire 100 more people for its crypto business to service the growing needs of institutional investors. Go to Source Powered by WPeMatico
An increasing number of leading South Korean banks are establishing joint ventures with minor ownership to enter the crypto custody market while complying with local regulations. Go to Source Powered by WPeMatico
Investment bank Cowan, founded in 1918, is launching a cryptocurrency service in partnership with Standard Custody & Trust Co. to help institutional clients “seamlessly secure, access and leverage cryptocurrencies and digital assets in their portfolios.” Cowan’s CEO said: “The demand is clearly here. We’re going to be able to help a lot of our institutional … Read more
On April 27, the American bank holding company U.S. Bank revealed in a blog post that the financial institution plans to offer cryptocurrency custody services. The bank’s chief strategy officer for U.S. Bank Global Fund Services, Christine Waldron, says she is proud of her company’s steps toward blockchain and cryptocurrency practices. US Bank to Offer … Read more
The new service will tailor to companies offering retail investors exposure to cryptoassets through traditional investment channels Go to Source Powered by WPeMatico
The custody service of leading U.S. exchange Coinbase now controls more than 10% of the combined crypto asset market cap. Go to Source Powered by WPeMatico
Experts say building custody solutions is tricky, but will become crucially important as crypto grows more valuable. Go to Source Powered by WPeMatico
The Switzerland-based bank Sygnum has announced this week that the fintech firm is now storing digital assets with the company Taurus Group. On Friday, the bank also revealed that the FINMA-approved firm’s clientele can purchase and stake XTZ by leveraging the Tezos network. Earlier this year, news.Bitcoin.com reported on a number of Switzerland-based fintech services … Read more
Fidelity Digital Asset Services has revealed the company is expanding into Asia and plans to help high-net-worth investors and family offices in the region with custodial crypto products. Fidelity is working with the Singaporean startup Stack Funds, a fully-insured custody operation servicing traditional financial institutions. Fidelity Investments Inc., is an American multinational financial services corporation … Read more