Key Takeaways
- Reversing its 2022 stance, Bradesco will next launch a crypto custody service to boost adoption.
- To legitimize the market, Renata Petrovic said the 5,300-branch bank will next offer full crypto custody.
- As part of two internal pilots, Bradesco tested stablecoins to improve foreign trade markets.
Bradesco Announces Future Launch of Cryptocurrency Custody Services
Traditional financial institutions are rushing to provide digital asset-based financial services, seeking to keep up with new technologies and retain their customers.
Bradesco, the second-largest bank in Brazil with over 5,300 branches, announced last week that it will enter the cryptocurrency custody business, enlisting an undisclosed partner.
Renata Petrovic, head…
