The US encryption site is growing rapidly with President Donald Trump’s return.
In a recent update, Crypto reporter Yueqi Yang shared insight into the increase in US banks in the Crypto service sector. In particular, some large banks focus on custody of cryptocurrency and use President Trump’s regulations.
Citigroup is considering adding encryption custody services according to the source cited by the information. This measure showed the ability to publish and store token -to -token private funds on the blockchain network, following the announcement of a successful concept of proof of the concept.
Citigroup has joined major financial firms.
In particular, Citigroup, which has an asset of $ 2.4 trillion, joins other major financial institutions in the growing digital asset custody.
BNY MELLON is expanding its nurturing services beyond Bitcoin and Ethereum ETF, while Standard Chartered has launched digital asset care services in Dubai. HSBC is planning to provide institutional custody, and the joint venture between Crédit Agricole and Banco Santander has secured encryption custody approval in France.
Meanwhile, State Street, which manages $ 44.3 trillion, has partnered with Taurus to provide encryption custody and tokenization services to institutional investors.
However, Coinbase is talking to the bank to provide custody and transaction services with banks, but many banks are still waiting for the approval of the Federal Reserve Bank and the New York Financial Services, which delays the entry into cryptocurrency and information journalists Yueqi I mentioned. sheep.
More bank eye password services
Jerome Powell, chairman of the Federal Reserve, said US banks with appropriate risks can provide services to encryption customers. However, many people in the industry are concerned about the weakness related to new technologies. Recently, POWELL promised to cooperate with Congress to end this problem.
At the same time, more banks are watching encryption services. In January, Morgan Stanley’s electronic transactions were implied in providing encryption services, and Goldman SACHS would consider the operation of digital assets if regulations were allowed.