(Cryptopotato) US Bank has announced that it will launch crypto custody services for institutional fund managers as client interest in cryptocurrencies rise.
The fifth-largest US retail bank partnered with the New York Digital Investments Group to roll out crypto services covering Bitcoin, Litecoin, and Bitcoin Cash.
The move happens after a survey by US Bank’s Senior Executive, Gunjan Kedia, showed that customers were interested in crypto services such as custody and trading funds.
The bank has said that the custody service will be available to institutional fund managers with private funds in the US or Cayman Islands.
The US office of the Comptroller of Currency allowed national banks to offer custody of crypto assets a year ago.
BTCUSD is down -1.62%, LTCUSD is down -4.9%, BCHUSD is up -5.25%.
