U.S. Bank Restarts Cryptocurrency Custody Services for Institutional Investors
U.S. Bank has resumed its cryptocurrency custody offerings for institutional investment managers, expanding to include bitcoin exchange-traded funds (ETFs). This program, initially launched in 2021 and paused in 2022, is now available via early access through the bank's Global Fund Services division.
- NYDIG will serve as the sub-custodian for bitcoin custody operations.
- The revival of services follows renewed regulatory clarity.
- U.S. Bank manages over $11.7 trillion in assets under custody and administration as of June 30.
- Services include ETFs, fund custody, fund administration, corporate trust, and wealth management.