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Binance launches pilot program for bank custody of collateral

Crypto exchange Binance launched a pilot program that allows banks to store trading collateral off-exchange, according to a Nov. 30 announcement. Binance claimed that the program will help to reduce counterparty risk.Binance trading interface. Source: Binance.According to the announcement, the program allows institutions to hold collateral at a third-party bank

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Crypto Custody Firm Copper to Start Brokerage Offering Services in Abu Dhabi in Early 2024

"Abu Dhabi is more institutional and more focused around asset management, and that's exactly what Copper is; we only have institutional clients," Tokarev said in an interview. "While there isn't a huge retail market here, you will find all the big institutions, hedge funds and sovereign wealth funds." Source

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Santander Selects Crypto Custody Firm Taurus for Safeguarding: Source

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Commerzbank becomes the first German bank to secure crypto custody license

Commerzbank becomes the first major German bank to receive a cryptocurrency custody license, signaling a strategic move into digital asset services. Commerzbank AG, Germany’s fourth-largest banking institution, has obtained a regulatory custody license for cryptocurrencies. This makes Commerzbank the first German full-service bank to acquire such a license, marking a significant

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Bakkt shifts focus to custody services, adds support for DOGE, SHIB, other coins

Crypto firm Bakkt appears to be returning to digital asset custody as its primary business, adding support for six new coins, according to an announcement on Nov. 15. Aside from Bitcoin (BTC) and Ether (ETH), Bakkt will expand its custodial support to include Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum Classic (ETC), Litecoin

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New SEC Custody Rule Could Change How Financial Advisers Interact with Crypto Clients

In choosing a qualified custodian, bankruptcy protections are key. Bankruptcy-remote custody solutions — like Anchorage Digital Bank, a federally chartered bank — would still meet the SEC definition of a qualified custodian. The analysis is more nuanced with respect to state-chartered trusts, which may vary widely in compliance standards, bankruptcy

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