US Bank Launches BTC Services: Crypto Custody for Institutional Investors
In a major move for mainstream adoption, US Bank launches BTC services, specifically a cryptocurrency custody service aimed at institutional investors. This announcement solidifies the growing acceptance of Bitcoin and other digital assets within the traditional financial sector.
US Bank launches custody service for Bitcoin and other cryptocurrencies to meet growing demand from its customers and users for digital assets. U.S. Bank, the fifth-largest banking institution in the United States, today announced that it has launched custodial services for Bitcoin. This service allows investment managers to securely hold and manage their cryptocurrency assets.
U.S. Bank, the fifth-largest retail bank in the United States, announced Tuesday that it is launching a cryptocurrency custody service for institutional investors. The move signals a significant step towards providing secure and regulated access to the burgeoning digital asset market.
U.S. Bank, which currently has custody of $8.6 trillion in assets, will make custody services available for Bitcoin, it was announced today. It will initially offer Bitcoin. This demonstrates the scale and commitment U.S. Bank is bringing to the digital asset space.
The U.S. financial service provider U.S. Bank announced its expansion into crypto with a cryptocurrency custody service. With the new service, investment managers can securely manage their Bitcoin holdings within a trusted and regulated environment.
Today U.S. Bank announced the launch of its cryptocurrency custody services for Global Fund Services clients, targeted at institutional investment managers that hold significant cryptocurrency assets. This offering addresses the increasing need for secure custody solutions within the institutional investment community.
For insights into this development, Charles Gillanders, digital transformation, technology and blockchain lead at U.S. Bank Investment Services, answers six questions about institutional cryptocurrency and U.S. Bank's role in facilitating its adoption.
This foray into Bitcoin custody positions US Bank as a key player in the evolving landscape of digital asset management for institutions, further legitimizing the space and paving the way for increased investment and innovation.