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U.S. Bancorp and NYDIG Launch Bitcoin Custody Services for Institutional Clients

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by Giorgi Kostiuk

2 hours ago

U.S. Bancorp has announced the relaunch of its Bitcoin custody services for institutional clients, partnering with NYDIG.

Relaunch of Bitcoin Custody Services

U.S. Bancorp has relaunched Bitcoin custody services for institutional clients, focusing on the needs for digital asset management. This decision was made possible by the easing of regulatory conditions following the rollback of SAB 121.

Significance of Partnership with NYDIG

U.S. Bancorp has chosen NYDIG as its sub-custodian. This partnership will enable the use of NYDIG's infrastructure to ensure secure Bitcoin storage for clients, which is a critical factor in the context of growing interest in digital assets.

Impact on Institutional Investors

The relaunch of U.S. Bancorp's services illustrates a shift towards digital assets within the banking sector. These Bitcoin custody services under new strategies may attract more institutional investments and contribute to the growth of Bitcoin's market capitalization.

With the launch of new Bitcoin custody services, U.S. Bancorp emphasizes the importance of institutional involvement in digital asset markets and creates opportunities for increased investment activity.

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