U.S. Bank Resumes Bitcoin Cryptocurrency Custody Services for Institutional Investment Managers
(NYSE:USB) MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank announced today that it has resumed offering cryptocurrency custody services – originally announced in 2021 – as an early access program to Global Fund Services clients. The services are intended for institutional investment managers with registered or private funds who seek a secure safekeeping solution for bitcoin. NYDIG, a vertically integrated bitcoin financial services and power infrastructure firm, will act as the bitcoin sub-custodian. Stephen Phil
Related Questions
How will the resumption of Bitcoin custody services influence U.S. Bancorp's (USB) share price in the short term?
What effect will the partnership with NYDIG have on institutional Bitcoin inflows and potentially on Bitcoin's market dynamics?
How does U.S. Bank's custody offering compare to similar services from competitors such as Fidelity, Morgan Stanley, or JPMorgan, and what could this mean for market share?