SC Ventures, the innovation and ventures unit of Standard Chartered plans to launch an institutional-grade cryptocurrency custody solution. Source: Press release in BusinessWire. The joint venture named Zodia combines the traditional custody principles and expertise of a bank to provide an infrastructure that meets the high standards and expectations of...
Fidelity today announced that it is establishing a new entity to serve Europe-based institutions investing in the digital asset (Bitcoin). The planned entity will be based in the UK and will offer digital asset (Bitcoin) custody and trade execution to Europe-based investors such as hedge funds, family offices, etc. Growing...
ING group with over $1.1 Trillion in total assets is working its way to launch crypto custody services. Sources familiar with the matter told Reuters that ING is in its early days of testing the underlying technology and one of the bank’s several ongoing initiatives around blockchain. Opportunities with regards...
Fidelity obtains a trust license from the New York Department of Financial Services to offer Bitcoin custody service to New York residents. Additionally, Fidelity also received the license to operate a trading platform on which New York’s institutional investors can securely purchase, sell, store or transfer Bitcoin. “The custody and...
Bakkt launches its enterprise-grade custody service. Announcing the development in a blog post, the firm said that now clients can use the Bakkt warehouse to safeguard their Bitcoin assets. Previously, the Bakkt provided custody only to clients trading the Bakkt Bitcoin Futures contracts. Among the first to choose the Bakkt...
Gemini announced today in their blog post that they are adding new cryptocurrencies to their custody services. The expansion of custody services has come at the time of increased competition in the custody space. Recently, Coinbase expanded their Custody offering by acquiring Xapo’s institutional business for $55 million after out...
Bakkt announced today that they have clearance from the New York State Department of Financial Services to launch Bitcoin futures.
