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Digital asset custody firm Trustology has cut seven of its 18 staffers as the big banks it courted are taking longer than expected to jump into crypto. Original Source
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Netherlands-based banking multinational ING is developing technology for the custody of crypto assets, according to Reuters sources. Source
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Amsterdam-based bank ING is reportedly developing cryptocurrency custody technology, Reuters reported on Dec. 12.The digital assets custody service being developed by ING is purportedly part of one of the bank’s several blockchain-related initiatives and is still at an early stage of development. ING reportedly said that it “sees increasing
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Berlin-based fintech company solarisBank has established a subsidiary to provide a custody solution for digital assets.Per a Dec. 11 announcement, solarisBank’s newly established subsidiary, solaris Digital Assets GmbH, will provide clients with an application programming interface (API)-accessible platform, which gives access to the full range of solarisBank’s digital white-label
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Digital asset manager IDEG is launching what it claims are Asia’s first Bitcoin (BTC) trusts.The two new funds — Asia Bitcoin Trust I and Atlas Mining Trust I — were officially announced in a press release on Dec. 8, confirming an earlier disclosure from the firm in Hong Kong
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DXM, a financial services subsidiary of South Korean fintech firm Dunamu, has worked with crypto cybersecurity firm Ledger to launch an institutional crypto asset custody service.The partnership and the new custodianIndustry news outlet TheBlock reported on Dec. 4 that DXM plans to launch the custodian under the name Upbit
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German banking association BdB was positive about the legislation, too. "Credit institutions are experienced in the safekeeping of client assets and in risk management, are committed to investor protection and have always been controlled by the financial supervision," it said. As such, banks could "effectively prevent money laundering and terrorist
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Fidelity Investment’s digital currency arm has been licensed by the New York Department of Financial Services to operate a platform on which
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Fidelity Digital Asset Services, LLC (FDAS) has procured a charter from the New York State Department of Financial Services (NYDFS) to operate a virtual currency custody and execution platform.Per a Nov. 19 press release, the NYDFS authorized FDAS to operate as a limited liability trust company and run a
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The New York Department of Financial Services has granted Fidelity Digital Assets Services (FDAS) a charter to operate as a limited liability trust company to custody digital currencies and execute crypto trading. Source
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