U.S. Bancorp Enters Bitcoin Custody Market Again with NYDIG Partnership

U.S. Bank is once again offering bitcoin custody services, this time partnering with NYDIG as a sub-custodian following relaxed regulations. The move comes after the easing of SAB 121 rules and in response to growing demand from institutional investment managers looking to handle digital assets securely. This strategic shift signifies a broader change within the U.S. banking sector’s approach towards Bitcoin, potentially sparking increased market activity.