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U.S. Bancorp Reenters Bitcoin Custody for Institutional Clients

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by Giorgi Kostiuk

2 days ago

U.S. Bancorp is resuming Bitcoin custody services for institutional clients, marking an important shift in the regulation of digital assets.

Market Shift in Cryptocurrency

U.S. Bancorp has confirmed that it will resume offering Bitcoin custody services for institutional clients. This dramatic turnaround is linked to the new policies under President Donald Trump, which have eliminated restrictive rules established by his predecessors.

New Bitcoin Custody Strategy

Back in 2022, U.S. Bancorp announced a partnership with financial services firm NYDIG to provide custody for Bitcoin, but the project was halted due to new compliance requirements. With this partnership now resuming, the bank plans to offer services again, including managing client relationships.

Opportunities for Other Cryptocurrencies

While the focus is on Bitcoin, bank executives also hinted at the possibility of adding other cryptocurrencies in the future, provided they pass strict risk and compliance reviews.

The resumption of Bitcoin custody services by U.S. Bancorp highlights the changing perception of traditional financial institutions regarding digital assets, increasing interest from institutional investors.

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