In brief
- U.S. Bank, the fifth largest bank in the United States by assets, is offering Bitcoin custody services again.
- The service will be for institutional investment managers.
- U.S. Bank first announced the service in 2021 but had to pause it.
Financial services giant U.S. Bank has restarted its crypto custody operations after pausing the service for years due to regulatory uncertainty.
The bank said Wednesday that it would offer Bitcoin custody, including support for exchange-traded funds based on the asset, for institutional investment managers with registered or private funds.
U.S. Bank in 2021 said it was offering custody for the leading cryptocurrency as well as Litecoin, Bitcoin Cash,
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Author: Mathew Di Salvo
