KPMG Canada partner Kunal Bhasin says rising debt and increasing inflation have likely attracted institutional investors into crypto.
Crypto Trader FalconX Unveils Institution-Friendly Custody, Trading and Credit Services
Derivatives exchange Deribit is the first to integrate FalconX’s Prime Connect.
Germany’s Largest Federal Bank LBBW to Offer Crypto Custody Services With Bitpanda
LBBW will first offer crypto custody to corporate clients with a market launch planned for the second half of 2024.
Galaxy Digital-Owned Crypto Custody Specialist GK8 Unveils Tokenization Wizard
The first client to use the tool will be a partnership between asset manager DWS, Flow Traders and Galaxy to manage a fully collateralized euro-denominated stablecoin, GK8 said.
Kraken Unveils Qualified Custody for Institutions in Crypto-Friendly Wyoming
Kraken Institutional operates under the exchange’s state-chartered banking license in Wyoming, attained back in 2020.
Crypto Custody Firm Cordial Systems Names Jump Crypto as Client as It Exits Stealth
Cordial Treasury gives all the software to the customer, not just a bit of a cryptographic key.
FTX to Sell Custody Unit for $500K After Paying $10M Just Months Before Collapse
The bankrupt exchange’s unit, Digital Custody Inc., which FTX bought for $10 million, sold for just $500k to CoinList.
Prometheum, the Only U.S.-Registered Crypto Platform, Picks Ether as Its First Product
Prometheum Inc. – still standing alone as the only U.S.-registered crypto securities platform – has disclosed that the first digital asset it’ll handle for clients will be ether {{ETH}}.
Binance Now Allows Larger Traders to Keep Their Assets Elsewhere: FT
The move may reflect users’ unease about Binance’s regulatory dispute in the U.S. which saw it landed with a $4.3 billion fine in November.
Crypto for Advisors: Unlocking Crypto Custody
As a financial advisor, it is crucial to understand that there is no one-size-fits-all approach to crypto custody. Instead, the most suitable solution depends on your client’s specific needs, goals, and risk appetite.
The Biggest Bitcoin ETF Threat No One Is Talking About
A majority of bitcoin ETF issuers have chosen Coinbase as a custodian, which is a concentration of risk. Even if that is the safest option, new cybersecurity standards are needed for making crypto custody truly safe.
Deutsche Bank-Backed Taurus Starts Tokenizing German SME Loans
Crypto custody specialist Taurus has partnered with lending company Teylor.
Mike Belshe, the Crypto Custody King at BitGo
BitGo was one of the few crypto companies to raise capital in a depressed market, and even did so at an elevated valuation. That’s one reason why CEO Belshe is one of CoinDesk’s Most Influential of 2023.
Coinbase Is Dominating a Key Bitcoin ETF Service. Can Anyone Else Join the Race?
The race to provide a key bit of infrastructure for bitcoin [BTC] ETFs – custody services – hasn’t actually been much of a race so far. Crypto exchange Coinbase has dominated so far, winning the job from the majority of applications from the likes of BlackRock, WisdomTree and Valkyrie.
Ripple Excites XRP Army as Metaco Acquisition Brings Banks Closer
Earlier this month, Ripple-owned infrastructure provider Metaco said it was working with banking powerhouse HSBC.
What an SEC Proposal Means for RIAs in Crypto
The SEC’s Custody Rule requiring advisors to safeguard digital assets has big implications for advisors working in the crypto industry, says Nathan McCauley, CEO and Co-Founder of Anchorage Digital.
HSBC to Offer Tokenized Securities Custody Service for Institutions
The platform, planned for 2024, complements its new offering for tokenized gold as well as one for issuing digital assets.
Crypto Broker sFOX Offers Commission-Free Blockchain Staking from Regulated Custody
“We are providing a gateway to staking without stepping in the middle or taking any revenue or profit,” founder Akbar Thobhani said.
BitGo Granted German Crypto Custody License by BaFin
BitGo had already been storing crypto assets under the regulator’s supervision since 2019 as part of a transitional regime, the firm said.
OKX Latest Proof of Reserves Shows Exchange Over-collateralized
The latest proof of reserves shows that the exchange is 103% collateralized with bitcoin, ether, and USDT.