Custody

Opinion

Will Biden Get the Final Say Over a Controversial Crypto Accounting Rule?

Critics of SAB 121, introduced in March 2022, have called the rule “obscure,” a “diktat” and a “pernicious weed.”

By Daniel Kuhn

May 9, 2024 at 7:45 p.m. UTC

May 9, 2024

OpinionThe NodeNewslettersBiden AdministrationSECAccountingCustody

Finance

Opinion

Crypto for Advisors: Digital Asset Custody’s Future

Once they reach a certain level of sophistication, there’s a clear trend for Web3 asset holders to transition their digital asset wealth to self-custody.

By Sarah Morton Colton Dillion

May 2, 2024 at 4:00 p.m. UTC

May 2, 2024

OpinionCrypto for AdvisorsFinancial AdvisorsFinancial AdvisersCustodySelf custodyReal World Assets WalletMultisigmulti-signature walletsMultisig walletCold StorageInstitutional AdoptionInstitutional Investment

Finance

Falconx

Crypto Trader FalconX Unveils Institution-Friendly Custody, Trading and Credit Services

Derivatives exchange Deribit is the first to integrate FalconX’s Prime Connect.

By Ian Allison

Apr 23, 2024 at 8:22 a.m. UTC

Apr 23, 2024

FalconXDeribitCustody

German bank LBBW and Bitpanda partners to offer crypto custody services. (Bitpanda)

Policy

Regulations

Germany's Largest Federal Bank LBBW to Offer Crypto Custody Services With Bitpanda

LBBW will first offer crypto custody to corporate clients with a market launch planned for the second half of 2024.

By Sandali Handagama

Apr 15, 2024 at 8:40 a.m. UTC

Apr 15, 2024

RegulationsBitpandaGermanyCustody

Finance

Exclusive

Galaxy Digital-Owned Crypto Custody Specialist GK8 Unveils Tokenization Wizard

The first client to use the tool will be a partnership between asset manager DWS, Flow Traders and Galaxy to manage a fully collateralized euro-denominated stablecoin, GK8 sai...

By Ian Allison

Apr 3, 2024 at 10:53 a.m. UTC

Apr 3, 2024

Exclusive Galaxy DigitalCustodyTokenization

Finance

Kraken

Kraken Unveils Qualified Custody for Institutions in Crypto-Friendly Wyoming

Kraken Institutional operates under the exchange’s state-chartered banking license in Wyoming, attained back in 2020.

By Ian Allison

Mar 20, 2024 at 1:30 p.m. UTC

Mar 20, 2024

KrakenWyomingCustodyInstitutional Investors

Finance

Jump crypto

Crypto Custody Firm Cordial Systems Names Jump Crypto as Client as It Exits Stealth

Cordial Treasury gives all the software to the customer, not just a bit of a cryptographic key.

By Ian Allison

Mar 14, 2024 at 4:00 p.m. UTC

Mar 14, 2024

Jump CryptoCustodyBackpack

Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)

Finance

Ftx

FTX to Sell Custody Unit for $500K After Paying $10M Just Months Before Collapse

The bankrupt exchange's unit, Digital Custody Inc., which FTX bought for $10 million, sold for just $500k to CoinList.

By Aoyon Ashraf

Feb 12, 2024 at 6:18 p.m. UTC

Feb 12, 2024

FTXFTX USCustodyBankruptcy

Co-CEO Aaron Kaplan's Prometheum is planning to start its crypto custody business with Ethereum's ETH. (Screen capture/U.S. House Financial Services Committee)

Policy

Regulations

Prometheum, the Only U.S.-Registered Crypto Platform, Picks Ether as Its First Product

The much-debated crypto broker says it's poised to start its SEC-compliant custody with ETH, then will soon add other names and begin a trading operation within months.

By Jesse Hamilton

Feb 7, 2024 at 1:35 p.m. UTC

Feb 7, 2024

RegulationsPrometheumETHEthereumbroker-dealerSecurities and Exchange CommissionCustody