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Various forms of Bitcoin custody, explained
8.5.2024
Bitcoin’s rising popularity demands a secure custody plan. Learn about Bitcoin custody options, from centralized exchanges and self-custody to specialized institutions
Custodia Bank Launches Bitcoin Custody Service for Businesses
7.11.2023
Source: Pexels Custodia Bank, a crypto-friendly bank, announced that it has officially launched its Bitcoin custody platform to customers in select U.S. states. On November 7, Custodia Bank, formerly known as Avanti Financial Group, announced on X (formerly Twitter) that they have now launched...
BitGo, Swan to Form Bitcoin-Only Trust Company
15.9.2023
"It's important to us to build a custodian without the risks of securing many altcoins within the same trust company as bitcoin," Cory Klippsten, CEO of Swan, said
Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments
12.8.2023
Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and government money market fund services, with bitcoin...
Jack Dorsey’s Square Building Bitcoin Hardware Wallet to Make Crypto Custody More Mainstream
9.7.2021
Jack Dorsey’s payments company, Square Inc., has confirmed that it is building a bitcoin hardware wallet and service with the aim to “make bitcoin custody more mainstream.” Square’s Bitcoin Hardware Wallet in the Works Square Inc. is building a hardware wallet, Jesse...
NYDIG and Q2 partner to enable Bitcoin trading for 18M US bank customers
24.6.2021
Millions of people in America could soon be able to buy Bitcoin from their bank accounts following a partnership led by NYDIG and Q2
Spain’s BBVA Opens Bitcoin Trading to All Private Banking Clients in Switzerland
18.6.2021
Spain’s second-largest bank, BBVA, is opening up its bitcoin trading and custody service to all private banking clients in Switzerland in a few days. The bank has been testing the cryptocurrency service for six months. “The bitcoin management system is fully integrated” in...
Texas Announces State-Chartered Banks Can Provide Cryptocurrency Custody Services
12.6.2021
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....
Hundreds of Banks in US to Allow Customers to Buy, Sell, Hold Bitcoin Through Existing Bank Accounts
5.5.2021
Hundreds of banks in the U.S. will reportedly start offering access to bitcoin to their customers this year, thanks to a partnership between Fidelity National Information Services and the New York Digital Investment Group. Hundreds of banks have enrolled to participate in the program as they...
Oldest US Bank BNY Mellon Sets Up Crypto Unit to Offer Bitcoin Services
12.2.2021
The Bank of New York Mellon, BNY Mellon, has set up a digital asset unit. The oldest bank in the U.S. plans to “hold, transfer, and issue” bitcoin and other cryptocurrencies on behalf of its clients. The bank aims to eventually treat cryptocurrencies like any other assets. BNY Mellon...
Italian Insurance Giant Generali Gets Into Bitcoin via Banking Arm, Launching Crypto Custody Service
16.12.2020
Banca Generali, the banking arm of Italy’s largest insurance group, has announced that it will be offering cryptocurrency custody service to its customers beginning next year. To achieve this, the bank has acquired a stake in bitcoin wallet provider Conio. Assicurazioni Generali, Banca...
Spain’s Second Largest Bank BBVA Launches Bitcoin Trading and Custody in Switzerland
10.12.2020
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...
Standard Chartered to Launch Crypto Custody Service for Institutional Investors Next Year
10.12.2020
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...
Fidelity Digital Asset Services Now Authorized to Operate Crypto Custody Platform
19.11.2019
The New York State Department of Financial Services has authorized Fidelity Digital Asset Services to run a crypto custody platform