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In addition to its recent strategic investment in crypto infrastructure firm Securrency, U.S. Bank, part of U.S. Bancorp, the fifth-largest bank in America, said it will offer a new cryptocurrency custody product in partnership with an unnamed sub-custodian. U.S. Bank also announced it has been selected to administer NYDIG’s bitcoin ETF (should it be approved by regulators) – building on the bank’s long-standing private-fund servicing relationship with NYDIG.
“I think Morgan Stanley, Goldman and JPMorgan are all focused on what they are going to be providing to their wealth clients,” said Waldron. “What we’re trying to do is create a scalable infrastructure that the investment management community who runs these funds can leverage.”
https://www.coindesk.com/us-bank-cryptocurrency-custody-nydig-bitcoin-etf-admin-role
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