Caitlin Long on Coronavirus, Crypto Custody and Building a Bank
A new crypto bank tries to address some of the most fundamental issues for institutions who want to get into the space.
Mason Privatbank Liechtenstein is aiming to cater to both crypto-focused investors and asset managers who are looking to diversify their portfolios.
Even though the crypto custody law falls under the German banking act, German banks are hesitant to give crypto firms bank accounts.
CoinShares, Nomura Bank and crypto security firm Ledger have formally launched a digital asset custody business targeting institutional investors.
BitGo customers can now boost their insurance limits beyond $100 million to cover the loss or destruction of crypto stored in special vaults.
Announced Tuesday, the latest offering from Onchain Custodian is hosted entirely on Big Blue’s banking-grade public cloud.
In its latest guidance released in January, the regulator said firms already custodying digital assets for Germans would not be penalized for not having a license. Instead, they’d be grandfathered into the same protection that crypto custody firms based in Germany already have under the new law.