United Bank of America (NYSE: USB) has established a new "Digital Assets and Funds Circulation" unit, which aims to accelerate the development of emerging digital products and services such as stablecoin issuance, cryptocurrency custody, asset tokenization and digital funds circulation, and to drive revenue growth. Jamie Walker, a veteran of the US banking and payments industry, will lead the...
U.S. Bank (headquartered in Minnesota) has now offered bitcoin custody services to institutional investors and added support for bitcoin ETFs.
According to Cointelegraph, United Bank CEO Gunjan Kedia said the bank is "studying and observing" its possible role in the stablecoin space, while its institutional crypto custody business is experiencing a resurgence under the crypto-friendly Trump administration. Kedia said the crypto custodian service it created in 2021 underperformed under the Biden administration, largely because of the highly uncertain regulatory regime for large institutional investors at the time.
United new energy vehicle joint stock company applied for listing in Hong Kong.