U.S. Financial Giants Eye Crypto Custody in Expanding Digital Asset Services
Several major U.S. banks are making significant strides into the cryptocurrency sector, taking advantage of more relaxed regulatory conditions under President Donald Trump.
While they still face substantial regulatory obstacles in offering full-scale crypto trading, many institutions are focusing on the growing demand for digital asset custody services.
Leading financial players such as State Street, BNY Mellon, and Citigroup are expanding their services to cater to institutional investors seeking secure digital asset storage solutions. State Street, known for its expertise in traditional asset custody, plans to launch its own digital asset custody services in the coming year.
BNY Mellon, already providing limited…
