DEEPSEEK
Banks Reevaluate Digital Asset Custody Strategies for Future Growth
Banks are increasingly focusing on direct digital asset custody to enhance control over wallets, compliance, and tokenized services, positioning themselves strategically for the future of digital finance.
Paxos Expands Custody Services with Acquisition of Fordefi
Paxos has acquired Fordefi to enhance its custody infrastructure, combining expertise in blockchain solutions with Fordefi's MPC wallet technology, aiming to power the on-chain economy.
Stablecoin Custody: A Strategic Priority for Banks
As stablecoins become integral to finance, banks must navigate custody challenges, balancing security, compliance, and operational efficiency, according to Paxos.
Copper Introduces Custody and Staking Solutions for SUI
Copper's latest move offers secure custody and staking services for SUI, targeting institutional investors.
Bakkt Joins Unchained's Network for Enhanced Crypto Custody Solutions
Bakkt Holdings, Inc. has joined Unchained’s collaborative custody network, offering increased security and regulated custody for bitcoin assets.
Ripple Expands Digital Asset Custody with Acquisition of Standard Custody & Trust Company
Ripple acquires Standard Custody & Trust Company, strengthening its position in institutional digital asset custody market, enhancing regulatory portfolio and service offerings.
Unchained Capital Raises $60M in Bitcoin Funding
Financial services provider Unchained Capital has raised $60 million in a Series B funding round led by Valor Equity Partners. The company uses multi-signature technology to provide a more secure way to hold Bitcoin, allowing clients to share control of their funds between private keys they hold themselves and those held by Unchained or other financial services companies. The funding will be used to expand Unchained's reach and suite of services.
US Crypto Holders Trust Banks and Exchanges for Custody
A recent survey by Paxos revealed that a majority of US crypto holders still trust banks, exchanges, and mobile payment apps for custody of their assets. Despite high-profile collapses and poor risk management practices, crypto owners continue to trust intermediaries for holding crypto assets. The survey also found an increasing desire among consumers to purchase Bitcoin and other digital assets from traditional banks, presenting a significant untapped opportunity for banks to expand their offerings.
Examiner: Celsius' accounting and operational controls were 'insufficient'
The independent examiner in Celsius' bankruptcy case has alleged that the company failed to set up "sufficient" accounting and operational controls in its handling of customer funds. The interim report shed light on what ultimately forced the lending platform to halt withdrawals on June 12. Celsius, founded in 2017 by Alex Mashinsky and Daniel Leon, didn't start tracking its balance sheet until after confrontation with regulators in May.
BNY Mellon Launches Crypto Custody Service - Report
Bank of New York (BNY) Mellon has announced that its digital assets custody service is now live as it seeks to deepen its foothold in the emerging cryptocurrency ecosystem.
