US Bank Selects Cryptocurrency Custodian, Wins Admin Role for NYDIG’s Bitcoin ETF
Asked if NYDIG would be U.S. Bank’s crypto custodian, Senior Vice President Christine Waldron said she was not at liberty to comment.
The company has seen a 2,023% uptick in transaction volume since last year.
In a further sign of "institutional DeFi" momentum, the regulated custodian is adding 1INCH, BNT, CRV, REN and SUSHI.
The deal is the latest in a string of acquisitions in the crypto custodian sector.
The neobank has come in for criticism in the past for not allowing users to move their crypto off its platform.
Standard Custody can provide crypto custody services in New York with a new trust charter through the New York Department of Financial Services (NYDFS).