Search Results for "custody"
New York State Trust License - Fidelity’s Step Towards Mass Crypto Adoption?
Fidelity’s cryptocurrency investment arm, Fidelity Digital Assets (FDAS) has filed for a trust license in the state of New York according to several sources.
Nasdaq to Launch Digital Asset Custody Services
Nasdaq is preparing to launch its custody services for digital assets by the end of Q2 2022, starting with Bitcoin and Ether. The exchange has applied for a limited-purpose trust company charter from the New York Department of Financial Services to oversee the new business and aims to eventually build a broad suite of services for its digital assets division. Its entry into the crypto market could potentially boost institutional investor confidence and pave the way for more traditional financial institutions to offer similar services.
Why Multicoin Capital Invested $5.7M in Squads Labs
Multicoin Capital discloses a $5.7 million investment in Squads Labs, bolstering the multisig standard on Solana. The funding accelerates Squads' blockchain-native custody infrastructure, spotlighting major upgrades like SquadsX and Squads (v4), which are set to redefine self-custody and on-chain capital coordination.
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.
Swiss’ SEBA Bank Launches Regulated Custody Services for Blue Chip NFTs
SEBA bank has expanded the reach of its crypto offerings with a new service dedicated to custody for NFTs
Woori Financial Group To Provide Cryptocurrency Custody Services
South Korean Woori Financial Group has announced that it will establish a digital asset custody joint venture with Korean blockchain developing company Coinplug.
Netherlands’ ING Bank Sells Digital Asset Custody Solution Pyctor to GMEX
GMEX acquired Pyctor from ING to expand its digital assets trading offering services and to fulfil growing demands from banks, asset management firms and other institutions.
Congressional Memo Challenges SEC's SAB 121
Congress members question the enforceability of the Securities and Exchange Commission's Staff Accounting Bulletin 121, arguing it deviates from standard accounting practices, misrepresents custodians' responsibilities, and increases consumer risk.
Bankrupt Celsius Seeks to Return $50m of Locked Crypto for Custody Holders
The filing from Celsius comes a few days after a group of customers claiming about $25 million in custody holdings petitioned the court for payback of their funds.
Standard Custody and GSR Form Alliance for Secure Digital Asset Settlement
Standard Custody & Trust Company and GSR Markets Limited have partnered to enhance digital asset transactions security and efficiency through an innovative escrow solution.
DAG Global Seeks to Break New Ground as First UK Bank to Support Crypto Businesses
DAG Global, a UK financial services company, aims to set a precedent by gaining a UK banking license to close the void between banks and crypto businesses. It intends to become the nation’s first bank to support cryptocurrency businesses.
Standard Chartered raises $36m for crypto custody platform
Standard Chartered's crypto custody subsidiary, Zodia Custody, has raised $36 million in a series A funding round led by SBI Holdings. Standard Chartered remains the majority shareholder in the firm.