Ripple has officially named The Bank of New York Mellon (BNY Mellon) as the lead reserve custodian of its future stablecoin, RLUSD. This selection comes with the administration of some $500 million in support assets, which speaks to the company’s serious intentions to position RLUSD as an enterprise-grade digital currency champion. The collaboration pits the company against one of international finance’s most experienced brands. BNY Mellon, listed on the NYSE under the ticker symbol BK, brings centuries-old custody solutions and a growing digital asset infrastructure footprint to the equation. The stablecoin RLUSD has […]
crypto custody
Deutsche Bank Sets 2026 Crypto Custody Plans: Why Do Banks Want Digital Assets?
Germany’s leading financial institution, Deutsche Bank, plans to introduce digital asset custody services in 2026. According to a Bloomberg report, the bank will use infrastructure from Austria-based Bitpanda’s technology unit and continue its partnership with Swiss-based Taurus SA. The new custody platform will allow safe storage of cryptocurrencies like Bitcoin and Ethereum targeting institutional and […]
SEC Retreat? Shocking Crypto Custody Proposal Faces Possible Withdrawal
Key Takeaways The U.S. SEC is reconsidering its approach to crypto custody regulations after facing significant opposition. Initially proposed in February 2023, the rule required registered investment advisers to store digital assets with qualified custodians to enhance investor protection. Even so, SEC Acting Chairman Mark Uyeda admitted the growing challenges in implementing the proposal, suggesting […]
Germany’s LBBW to Offer Crypto Custody Services Amid Rising Corporate Demand
Germany’s largest federal bank, Landesbank Baden-Württemberg (LBBW), cautiously ventures into cryptocurrency. LBBW announced a strategic partnership with Bitpanda, an Austrian digital asset platform, on April 15, 2024. This alliance enables LBBW to offer crypto custody services to its corporate clients. The move reflects traditional financial institutions’ growing acceptance of digital assets and increasing demand for […]
Zodia’s Ripple-Powered Network Goes Global
Standard Chartered’s crypto venture, Zodia Custody, teamed up with Ripple-owned custody specialist Metaco’s network to revolutionize the third generation of crypto custody. The collaboration aims to facilitate global sub-custody services for institutions worldwide, allowing seamless safekeeping and settlement of digital assets. Julian Sawyer, Zodia Custody’s CEO, emphasized the significance of this integration, envisioning a network […]