Custody

Custody

Finance

State Street Expands Custody to Tokenized Debt on JPMorgan’s Blockchain Platform

The inaugural transaction State Street anchored was a $100 million digital commercial paper issuance by OCBC.

State Street building in London (Danny Nelson/CoinDesk)

Policy

Hong Kong Regulator Tightens Custody Standards for Licensed Crypto Exchanges

A regulatory review earlier this year found weaknesses in some exchanges’ cyber defenses, prompting the SFC to set new custody standards for licensed platforms.

Hong Kong's skyline (Chris Lam/CoinDesk)

Finance

Spanish Bank BBVA Said to Offer Off-Exchange Custody to Binance Customers: FT

Cryptocurrency exchanges have been rolling out stricter controls and clearer disclosures on how user funds are safeguarded.

Binance logo on a smartphone (Vadim Artyukhin/Unsplash)

Finance

BitGo Files to Go Public as Crypto Market Surges Past $4 Trillion

The crypto custodian submitted a confidential U.S. listing as interest in public crypto stocks heats up.

Bitgo CEO Mike Belshe (CoinDesk archives)

Finance

Ripple Taps BNY to Custody Stablecoin Reserves as RLUSD Surpasses $500M

The move follows Ripple's application for a national banking license and a Federal Reserve master account to further integrate with the U.S. financial system.

Brad Garlinghouse, the CEO of Ripple Labs (Jesse Hamilton/CoinDesk)

Finance

Italian Banking Group Banca Sella Pilots Stablecoin Custody With Fireblocks: Bloomberg

The trial focuses solely on crypto custody, with no plans for trading services, according to the report.

Italy's biggest bank Intesa Sanpaolo (JamesQube/Pixabay)

Finance

Deutsche Bank Plans to Introduce Crypto Custody With Bitpanda Next Year: Bloomberg

Deutsche's prior involvement in crypto custody has largely been through Swiss custodian Taurus, of which the German bank is both an investor and a client

Deutsche Bank logo

Finance

KuCoin Allows Institutional Clients to Trade Without Having to Pre-Fund Wallets

The Seychelles-based exchange it working with crypto custodian BitGo Singapore, using its Go Network for off-exchange settlement.

(Shutterstock)

Finance

Tether, Circle to Face Intense Competition as TradFi Enters the Arena, Fireblocks Says

Ran Goldi, SVP of payments at Fireblocks, reviews the strategic moves as stablecoin issuers look to corner the market.

Fireblocks sign at Miami airport during Bitcoin Miami conference 2022 (Danny Nelson/CoinDesk)

Finance

Bybit Beefs Up Asset Security Following $1.45B Hack

The attack on Bybit in February, which saw nearly $1.5 billion worth of digital assets stolen, was the largest hack of a crypto exchange in dollar terms ever.

16:9 Security (LEEROY Agency/Pixabay)