"We're proud that we were one of the first banks to offer cryptocurrency custody for fund and institutional custody clients back in 2021, and we're excited to resume the service this year. Following greater regulatory clarity, we've expanded our offering to include bitcoin ETFs, which allows us to provide full-service solutions for managers seeking custody and administration services."
"NYDIG is honored to partner with U.S. Bank as its primary provider for bitcoin custody services. Together, we can bridge the gap between traditional finance and the modern economy by facilitating access for Global Fund Services clients to bitcoin as sound money, delivered with the safety and security expected by regulated financial institutions."
U.S. Bank officially resumed cryptocurrency custody services for institutional investment managers, reopening a program first introduced in 2021 as an early access program for Global Fund Services clients. The service provides secure safekeeping solutions for bitcoin with NYDIG serving as the primary bitcoin sub-custodian. The relaunch follows years of regulatory uncertainty and was enabled by clearer regulatory frameworks for digital assets. The bank expanded the offering to include custody services for bitcoin exchange-traded funds, positioning the service to deliver custody and administration solutions for fund managers and institutional clients as part of a broader digital capability strategy.
Read at Bitcoin Magazine
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