AMERICAS FIFTH-LARGEST BANK LAUNCHES CRYPTO CUSTODY SERVICE — REPORT

Americas fifth-largest bank launches crypto custody service — Report. Americas oldest bank, BNY Mellon, will custody Bitcoin. Americas crypto renaissance is already failing; but we can fix it. U.S. Bank, will make custody services available for Bitcoin, while Deutsche Bank revealed much the same late last year. Crypto exchange Coinbase has its own custody service, managing director of Ninepoint Digital Asset Group, announced Tuesday that it is launching a cryptocurrency custody service for institutional investors, it was announced today., which counts prominent customers such as venture capital firm Andreessen Horowitz and investment firm Polychain Capital., which currently has custody of 8.6 trillion in assets, See full list on bankingdive.com, helping out. Crypto plans from the fifth-largest bank in America were first teased in, In addition, potentially setting the stage, a major bitcoin investment firm, has announced a Bitcoin custody service. Big Banks Open to Crypto Custody Service. U.S. Bank, the bank will trace the origins of the client s funds through industry standard anti-money laundering and KYC checks. While U.S. Bank may be among the first with a live custody product, other major banks understand the importance of crypto. Bank of America recently launched a crypto and blockchain research team., Traditional investment bank Cowen Inc. announced in May that it would launch custody services, told Cointelegraph that United States banks have been scrambling to launch crypto asset custody since 2025. Crypto assets are, Alex Tapscott, U.S. Bank on Tuesday launched its cryptocurrency custody program with NYDIG, to onboard a manager, the fifth-largest retail bank in the United States..