U.S. Bank has relaunched cryptocurrency custody services for institutional clients, marking a return to digital asset services it originally introduced in 2021. The Minneapolis-based lender announced that it will offer bitcoin safekeeping through an early access program targeting institutional investment managers with registered or private funds.
The bank has partnered again with NYDIG, a bitcoin financial services firm with a New York trust charter, which will serve as sub-custodian for the digital assets. The renewed offering comes with expanded capabilities, now including custody services for bitcoin exchange-traded funds.
“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,” said Stephen Philipson, vice chair of U.S. Bank Wealth, Corporate, Commercial and Institutional Banking.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
