• Fri. Dec 8th, 2023

Wall Street moves ahead with trillion-dollar crypto custody dilemma

Wall Street moves ahead with trillion-dollar crypto custody dilemma

Wall Street activity is rapidly heating up in the battle to provide custody services to the trillion-dollar digital asset market, surprisingly turning what is considered a sleepy sector of finance into one of the most active.

Nasdaq Inc. It has been stopped last weekprojects to launch its own cryptoasset custodian citing a lack of business opportunities and an uncertain regulatory environment. Citigroup Inc Reviewing Its partnership with Swiss digital asset custodial software provider Metaco Inc. was acquired by another crypto firm, while State Street A transaction is closed with Copper Technologies in London. …

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