Custodians

The digital asset investment firm has become the first of the ETF providers to diversify custody of its coins by tapping BitGo's expertise in addition to Coinbase

By Jamie Crawley

Feb 2, 2024 at 3:40 p.m. UTC

Feb 2, 2024

ValkyrieBitcoin ETFBitGoCoinbaseCustodianCustodians

Consensus Magazine

Opinion

Why Nasdaq Backing Out of Custody Is Bad, Bad News for Crypto

If a financial giant can’t navigate the red tape, who can?

By Daniel Kuhn

Jul 20, 2023 at 5:48 p.m. UTC

Jul 20, 2023

OpinionThe NodeNewslettersNasdaqCustodyCustody ServicesCustodiansBitGoPolicySEC

Finance

Bitgo

Crypto Custody Firm BitGo Cancels Acquisition of Rival Prime Trust

Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one former client told CoinDesk.

By Jamie Crawley Danny Nelson

Jun 22, 2023 at 1:59 p.m. UTC

Jun 22, 2023

BitGoPrime TrustAcquisitionsCustodianstop news

BitGo CEO Mike Belshe at Consensus 2023. (Shutterstock/CoinDesk)

Finance

Exclusive

Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources

The financial terms of the deal were not disclosed by the source.

By Ian Allison

Jun 8, 2023 at 7:24 p.m. UTC

Jun 8, 2023

Exclusive BitGoPrime TrustCustodians

Finance

Ripple

Expect Ripple Deal to Set Off Crypto Custodian M&A, Says Advisory Firm

Ripple purchased custodian Metaco for $250 million, and regulatory and market conditions could lead to further deals, says Architect Partners.

By Brandy Betz

May 18, 2023 at 3:25 p.m. UTC

May 18, 2023

RippleAcquisitionsMergersCustodians

Finance

Pantera capital

Crypto VC Firm Pantera Used Silicon Valley Bank as a Custodian

A regulatory filing shows the shuttered bank as one of three custodians for Pantera’s funds.

By Brandy Betz

Mar 10, 2023 at 10:59 p.m. UTC

Mar 10, 2023

Pantera CapitalSilicon Valley BankCustodiansUS

SEC Chair Gary Gensler (Kevin Dietsch/Getty Images)

Policy

Regulations

SEC Chair Gensler Says Crypto Exchanges May Not Be 'Qualified Custodians'

"Just because a crypto trading platform claims to be a qualified custodian doesn’t mean that it is," the SEC chair said.

By Nikhilesh De

Mar 2, 2023 at 3:10 p.m. UTC

Mar 2, 2023

RegulationsSECGary GenslerCustodians

SEC Chair Gary Gensler (Anna Moneymaker/Getty Images, modified by CoinDesk)

Policy

Regulations

SEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms

As long as crypto platforms and lenders aren’t registered as exchanges or banks, they wouldn’t qualify as custodians in the latest SEC limits proposed for registered investmen...

By Jesse Hamilton

Feb 15, 2023 at 3:00 p.m. UTC

Feb 15, 2023

RegulationsSECRIA AdvisorsCustodiansUS