U.S. Bank Resumes Cryptocurrency Custody Services for Institutional Clients

U.S. Bank has reignited its cryptocurrency custody services, partnering with NYDIG to provide secure bitcoin storage solutions for institutional clients. This move is a direct response to increased regulatory clarity and growing demand for bitcoin investment vehicles, including ETFs. 2021 saw the service’s launch initially, but it was paused in 2022 due to regulatory uncertainties. The renewed service reflects the institution’s commitment to catering to institutional needs by supporting bitcoin ETFs.