Involvement with crypto is spooking banks, but digital assets more generally remain attractive: Banks are still interested in letting their clients issue, transfer, settle, and safekeep tokenized equities, and startups are jockeying to provide infrastructure. Digital asset infrastructure firm Taurus has raised a $65 million Series B led by Credit Suisse, with participation from Deutsche […]
Tag: Crypto custody
America’s oldest bank made waves when it launched its crypto custody service earlier this month, but a top exec says that knowing when to partner with specialists is one of its greatest strengths. BNY Mellon earned well-deserved credit for being the first traditional bank to launch digital asset custody services in early October, but an […]
The SEC has disrupted banks’ crypto custody projects, underscoring the current climate of regulatory scrutiny, skepticism, and uncertainty. SEC accounting guidance from earlier this year is wreaking chaos on banks’ crypto custody plans, according to a new report from Reuters. By requiring public companies to account for clients’ crypto assets as liabilities on their own […]