News list for " Asset Custody"
Citibank is planning to launch crypto custodian services in 2026, an executive at the bank said in an interview. As Wall Street giants continue to expand their presence in the digital currency space, Citi's move shows that traditional Financial Institutions Group is accelerating into the track. Biswarup Chatterjee, global head of partnerships and innovation for Citi's services business, said the bank has been developing crypto custody services for the past two to three years and has made substan...
According to CoinDesk, Crypto Finance, a subsidiary of Deutsche Bo ̈ rse Group, has launched the AnchorNote system, which is designed to support institutional clients who want to trade digital assets in a regulated custody environment without having to transfer assets out of a custody account. The system integrates BridgePort - a network that connects cryptocurrency trading platforms with custodians, enabling over-the-counter settlement and interconnectivity with multiple trading floor platform...
According to market news released by Cointelegraph, Spanish bank BBVA will use Ripple technology to carry out retail digital asset custody business under the framework of the European Union's Crypto Asset Market Regulation Act (MiCA).
Rahul Advani, co-head of global policy at Ripple, and Caren Tso, Asia Pacific policy manager, presented four best practices for custody at the Digital Asset Custody and Stablecoins Symposium in Singapore: compliance design, customization model, operational resilience, and governance. They pointed out that high standards of custody are key to driving the scale of stablecoins, tokenized assets, and cross-border settlements. The symposium highlighted the need for custody infrastructure to support A...
According to Crowdfundinsider, digital asset infrastructure company BitGo has announced the official launch of its Brazilian subsidiary BitGo Brasil Tecnologia Ltda. The company's move is designed to strengthen its international expansion commitment and align with upcoming regulatory requirements for virtual asset service providers. BitGo believes that Brazil is moving towards requiring local management of cryptographic keys, and the company is ready to provide this capability. By establishing a...
According to Bloomberg, Italian banking group Banca Sella Holding SpA is launching an internal pilot project to test custody services for digital assets such as stablecoins. Sella has been working with technology provider Fireblocks on the pilot, the person said, adding that the banking group currently only allows a limited number of professional employees to hold digital assets in-house and could expand the service to customers in the future.
According to Lookonchain monitoring, MicroStrategy transferred 7,383 BTC (about $796 million) into three new wallets about 11 hours ago, suspected of optimizing asset custody. Except for a brief sale and repurchase at the end of 2022, MicroStrategy has long adopted a "buy and hold" strategy, with no record of selling.
The Web3 and Virtual Asset Development Subcommittee of the Hong Kong Legislative Council held a recent meeting, during which Legislative Council Member Yan Gang proposed to clarify the fiduciary responsibilities of trust companies in crypto asset custody at the legislative level, including amending the Trustee Ordinance or formulating a new Virtual Asset Custody Ordinance to stipulate the asset segregation, investment scope restrictions and regular audit requirements of virtual asset custody bus...
"Internet celebrity broker" Robinhood's assets under custody in April were $232.30 billion, up 5.3% from the previous month.
On April 26, SEC Commissioner Mark T. Uyeda called for the expansion of crypto asset custody solutions at the Cryptocurrency Working Group Roundtable on April 25. He suggested allowing state chartered trust companies as qualified custodians and considering amending the "special purpose broker" system to promote market competition.
