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For-Institutional-Investment-Managers-US-Bank-to-Offer-Bitcoin-Custody-Services
he country’s Fifth-Largest Bank, U.S. Bank, has introduced custody for Bitcoin Cash, Litecoin, & Bitcoin in partnership with NYDIG on October 6, 2021.
The bank is also planning to add support for other coins such as Ethereum in the future. U.S. Bank today announces that it has launched Bitcoin custodial services. Private funds holding Institutional investment managers in the U.S. or the Cayman Islands can now delve into the bank’s service to store their private keys.
The bank is working with the New York Digital Investment Group (NYDIG), the financial services and technology firms, to launch its first sub-custodian for the service.
U.S. Bank had previously signed to administer NYDIG’s planned Bitcoin ETF or exchange-traded fund but is still awaiting approval from the SEC or the United States Securities and Exchange Commission.
For-Institutional-Investment-Managers-US-Bank-to-Offer-Bitcoin-Custody-Services
he country’s Fifth-Largest Bank, U.S. Bank, has introduced custody for Bitcoin Cash, Litecoin, & Bitcoin in partnership with NYDIG on October 6, 2021.
The bank is also planning to add support for other coins such as Ethereum in the future. U.S. Bank today announces that it has launched Bitcoin custodial services. Private funds holding Institutional investment managers in the U.S. or the Cayman Islands can now delve into the bank’s service to store their private keys.
The bank is working with the New York Digital Investment Group (NYDIG), the financial services and technology firms, to launch its first sub-custodian for the service.
U.S. Bank had previously signed to administer NYDIG’s planned Bitcoin ETF or exchange-traded fund but is still awaiting approval from the SEC or the United States Securities and Exchange Commission.