#custody services

CACEIS Bank, the French banking entity of the CACEIS group, has achieved a significant milestone by obtaining PSAN status from the AMF, following the recommendation of the ACPR.

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…

Robinhood disclosed in a recent 10-K filing that it received an investigative subpoena from the SEC in December 2022 regarding its supported cryptocurrencies, custody of cryptocurrencies, and platform operations. The subpoena was in response to the bankruptcies of several major cryptocurrency trading venues and lending platforms earlier in the year, including FTX, Three Arrows Capital, Voyager…

Airtm Winds Down Cryptocurrency Trading, Exchanges All Funds to Native Stablecoin

Airtm, a Latam popular cryptocurrency exchange and wallet, has announced it is winding down cryptocurrency trading and custody in its platform. The company stated that starting Jan. 4, 2023, all cryptocurrency deposits and withdrawals would be paused due to the changes in the service offer of one of its providers. Airtm Removes Cryptocurrency Trading Options Airtm, a popular exchange used by…

Anchorage Becomes the First Digital Bank to Function As a Traditional Bank

Cryptocurrency startup Anchorage Hold LLC has received conditional approval from the US currency control office to become an official federal government bank. Qualified Custodian for Institutional Investors Anchorage, now officially known as the National Association of Anchorage Digital Bank, was the first cryptocurrency company to receive the Bundesbank charter. It is an essential milestone inRead More

Crypto Long & Short: Traditional and Crypto Markets are Starting to Converge

One of the fun things about jigsaw puzzles, for those of you that haven’t tried them, is the satisfying snap of pieces fitting together to reveal part of a picture. Another is watching the whole picture emerge as more pieces join. In July of last year, the U.S. Office of the Comptroller of the Currency (OCC) said that national banks could custody crypto assets. That was a pretty big deal, as,…

Crypto Long & Short: Wyoming Is Crypto’s ‘Wild West,’ Which Is Exactly What We Need

In the world of financial regulation, it may seem like progress is slow and arduous. But then there are weeks in which a lot happens, and pieces fall into place with loud clangs and reverberations.

This past week was one of those, and the pieces in question are being largely overlooked as they are settling into place in a relatively small corner of the crypto landscape. Yet their impact is…

Fidelity Digital Assets Expands Crypto Custody Service to Asia

The cryptocurrency-focused arm of financial services giant Fidelity Investments is teaming up with Singapore-based Stack Funds to cater to the growing demand for cryptocurrencies in Asia.

A new partnership will bring Stack’s regional clients access to the secure custody services provided by Fidelity Digital Assets, according to a Bloomberg report Thursday.

All assets secured through Stack…