Nomura-backed crypto custodian firm Komainu has secured $75 million in ... The firm will also use Blockstream’s enterprise HSM wallet to offer services to institutional clients. You might also like: ...

Max, a crypto analyst ... Ripple introduced a suite of updates to its custody services, enhancing its appeal to banks and fintech firms. These updates include transaction screening, new hardware ...

More than $3 billion in crypto-related hacks and scams in 2024 have led to heightened awareness of self-custody for digital assets. As a result, more investors are opting for hardware wallets ...

The bank announced on Jan. 9 that it is establishing a new entity in Luxembourg to act as its European Union regulatory entry point for offering crypto and digital asset custody services.

The collapse of FTX was a wake-up call for crypto investors and the financial professionals advising them. With billions in investor funds wiped out in the FTX blowup and billions being ...

Managers and others who hold crypto on behalf of clients are not in compliance with the custody rule, which requires them to use qualified custodians like a bank or broker-dealer. Meanwhile ...

[3] Consequently, as it was operationally infeasible for SEC-reporting banks to comply with SAB 121, most chose to forgo providing crypto asset custody altogether. In addition to the operational ...

This will relieve financial institutions from recording digital assets as liabilities on their balance sheets, encouraging more banks and brokerages to engage with crypto custody and develop ...

With the removal of SAB 121, major banks are now expected to move swiftly to integrate bitcoin and crypto custody services into their offerings. This is a significant milestone in the ...

This flowed from SAB 121’s imposition of asset-specific accounting requirements, including: Booking Liabilities: SAB 121 required an entity operating a crypto-asset platform that is ...