Avanti

Custodia Bank CEO Caitlin Long (Steven Ferdman/Getty Images)

Though the Fed admitted Custodia has sufficient capital and resources to launch, it has “fundamental concerns” about the sustainability of a crypto-focused bank.

Mar 24, 2023 at 5:42 p.m. UTC

Mar 24, 2023

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Caitlin Long at BTC 22 (Danny Nelson/CoinDesk)

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Custodia Bank Renews Push for Fed 'Master Account' After Rejection

The Federal Reserve and Kansas City Fed rejected Custodia's applications for membership and a master account last month.

By Nikhilesh De

Feb 17, 2023 at 10:12 p.m. UTC

Feb 17, 2023

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U.S. Senator Cynthia Lummis (Shutterstock/CoinDesk)

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Republican Lawmakers File Amicus Brief in Support of Custodia Bank’s Legal Battle With the Federal Reserve

The Wyoming-based bank filed suit against the Federal Reserve in June, arguing that the Fed’s refusal to make a decision is unlawful and discriminatory against crypto institut...

By Cheyenne Ligon

Sep 22, 2022 at 10:00 a.m. UTC

Sep 22, 2022

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Fed Vice Chair Lael Brainard (Drew Angerer/Getty Images)

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US Fed Opens Pathway for Crypto Banks to Tap Central Banking System

The central bank will create a three-tiered system for evaluating whether a financial institution should have access.

By Nikhilesh De

Aug 15, 2022 at 6:50 p.m. UTC

Aug 15, 2022

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Custodia founder and CEO Caitlin Long (CoinDesk archives)

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Crypto Bank Custodia Sues Federal Reserve

The bank founded by Morgan Stanley veteran Caitlin Long filed suit against the U.S. central bank for delaying a decision on its application for a master account.

By James Rubin

Jun 7, 2022 at 11:09 p.m. UTC

Jun 7, 2022

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Kraken Hits Key Milestone in Quest to Gain Fed Account, Equal Treatment With Traditional Banks

Kraken Bank, the Wyoming subsidiary of the Kraken crypto exchange, received a routing number from the American Bankers Association.

By Nikhilesh De

Mar 26, 2022 at 2:40 p.m. UTC

Mar 26, 2022

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Avanti CEO Caitlin Long (CoinDesk archives)

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Caitlin Long's Wyoming Crypto Bank Takes a Step Toward Fed Membership

It's no guarantee of Fed approval, but Avanti Bank now has a routing number through the American Bankers Association.

By Nikhilesh De

Feb 10, 2022 at 12:28 a.m. UTC

Feb 10, 2022

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Avanti’s Caitlin Long on the Crypto Bank’s $37M Raise

Avanti Bank CEO Caitlin Long joins “All About Bitcoin” to discuss plans for the bank’s launch after raising $37M. Long explains what sets Avanti apart from banks with the Offi...

By CoinDesk Staff

Mar 30, 2021 at 12:06 p.m. UTC

Mar 30, 2021