Stock Groups

America’s fifth-largest bank launches crypto custody service — Report By Cointelegraph


U.S. Bank announced Tuesday, that it has launched a cryptocurrency custody program for institutional investors. It is likely to open up the possibility of wider mainstream acceptance for digital assets.

CNBC reported that U.S. Bank had PartnerNew York Digital Investment Group (NYDIG) will provide custody services to (BTC(BCH(LTC(). Gunjan Kedia, a senior executive at U.S. Bank’s wealth management and investment division, told CNBC that support for other cryptocurrencies like Ether (ETHOver time, ) will be added.