Crypto Custody
Why US Government Yanked BitGo’s Contract and Gave It to Anchorage
Digital asset infrastructure provider BitGo’s $4.5 million deal to be the custodian of cryptocurrency seized by the U.S. government fell through late last week. Instead, Anchorage, a smaller competitor, secured a more significant contract for $6.6 million.
Acting OCC Chief Tells Senate Panel Crypto Custody Charter Is Under Review
In testimony before the Senate Banking Committee, Michael Hsu said some past crypto initiatives had not been done “in coordination with all stakeholders.”
Crypto Custody Firm Fireblocks Raises $310M at $2B Valuation
“It was very important for us to show the customers that we have the balance sheet and valuation to stay independent.”
Another Large Bank in South Korea to Provide Custody of Crypto Assets
Woori Financial Group is joining forces with bitcoin exchange Coinplug to offer the service.
Tetra Trust Receives Nod to Become Regulated Crypto Custodian in Canada
The company was certified by the Alberta government to become the country’s first regulated custodian for crypto assets.
Algorand Gets Cozy With Crypto Custodian Copper
Algorand is looking beyond Copper’s safe-keeping provisions to explore the custodian’s ClearLoop system of instant asset exchange and settlement.
Coinbase Receives Crypto Custody License From German Regulator BaFin
The license will allow Coinbase to continue operating in Germany.
Gemini Acquires Crypto Custody Firm Shard X
The deal is the latest in a string of acquisitions in the crypto custodian sector.
Brian Brooks: 'Bad Idea to Politicize the Banking System'
During a 1:1 discussion at Consensus 2021, former Acting Comptroller of the Currency Brian Brooks, now CEO of Binance.US, emphasized the idea of a bank that is "custodying fine art collections or rare wines gets access to the Fed but a bank that is custodying crypto private keys can’t" has no justification outside of political ideology.
Hester Peirce Says Crypto May Force Faster Modernization at SEC
Speaking at Consensus 2021, SEC Commissioner Hester Peirce noted the agency has work to do modernizing custody rules across the board. She also discussed thinking about each crypto asset as its own thing rather than lumping them together and how guidance from the SEC was intended to help financial advisors understand the nuances surrounding them.
