Dossier
Digital Asset Custody Services
Coverage of Digital Asset Custody Services in the Nexus archive.
- Circle won federal approval to operate as a trust bank — and its stock surged
Circle received federal approval to operate as a trust bank, placing its USDC reserve infrastructure under direct federal oversight and enabling the company to offer digital asset custody services. The approval coincided with a surge in Circle's stock price.
- Minnesota legalizes crypto custody services for banks, credit unions
Minnesota has legalized crypto custody services for banks and credit unions, allowing them to provide digital asset custody services in a nonfiduciary capacity starting August 1. This move enables banking institutions to offer new services to their customers. The change is expected to promote the growth of digital assets in the state.