Crypto Custody

Highlights: SEC’s rescindment of SAB 121 offers banks greater flexibility in crypto asset management. Commissioner Peirce supports the change, calling SAB 121 restrictive and innovation-stifling. Lawmakers praise repeal, arguing it restores balance and encourages U.S. digital asset growth. On January […]

Highlights: Garanti BBVA Kripto partners with Ripple and IBM to enhance digital asset security and trading services. The partnership offers advanced security measures, including data encryption and isolated customer environments. Garanti BBVA Kripto expands services to meet growing customer demand […]

Highlights: Ripple launched a new custody service for banks and fintech firms. The project features integration with the XRP ledger and AML monitoring. Ripple aims to tokenize real-world assets, enhancing its custody offerings. According to an Oct. 10 CNBC report, […]

Highlights: Taiwan’s FSC plans to pilot cryptocurrency custody services via local banks in 2025, enhancing security. Three Taiwanese banks will participate in a trial, offering secure storage for Bitcoin, Ether, and Dogecoin. Taiwan’s crypto custody trial aims to boost institutional […]

Highlights: BNY Mellon gains SEC approval for broader crypto custody, enhancing asset security.  This move positions the bank to capitalize on the growing crypto custody market.  However, criticism arises regarding perceived preferential treatment under regulatory guidelines. Bank of New York […]

Highlights: BNY Mellon has received an exemption from the SEC’s SAB 121 accounting guidelines. This exemption will enable BNY to include Bitcoin custody in its business operations. Michael Saylor said bank custody could boost Bitcoin’s market value. Bank of New […]