""What we're seeing is members looking for a way to participate without leaving the institution they already trust. This milestone tells us that when you bring this capability into a familiar, trusted environment, people respond.""
""The CU-Digital Asset Vault uses a hybrid self-custody model, allowing members to retain control of their bitcoin while leveraging infrastructure integrated into the credit union's core systems.""
""Maintaining control over digital asset services is critical as these assets become increasingly embedded in financial infrastructure.""
St. Cloud Financial Credit Union has launched the CU-Digital Asset Vault, surpassing 12.6 BTC in custody for its members. This service allows individual users to store digital assets within a trusted financial institution. The hybrid self-custody model enables members to control their bitcoin while utilizing integrated infrastructure. Currently limited to members, SCFCU plans to expand access to businesses. The credit union aims to integrate digital assets into everyday banking, exploring bitcoin-enabled payments and lending products as part of its long-term strategy.
Read at Bitcoin Magazine
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