Fireblocks obtains cryptocurrency custody license in New York State, USA

ChainCatcher news, according to Cointelegraph, Web3 infrastructure provider Fireblocks has announced that it has obtained a cryptocurrency custody license in New York State, allowing it to custody cryptocurrencies for U.S. clients.

Fireblocks stated in a press release: "As of this month, Fireblocks Trust Company, LLC has obtained a limited purpose trust company charter to engage in virtual currency business and will soon begin offering cold custody solutions powered by Fireblocks technology to U.S. clients."

The New York Department of Financial Services stated that Fireblocks has joined the growing list of institutional crypto companies authorized by the New York Department of Financial Services to custody assets, which includes Coinbase Custody Trust, Fidelity Digital Asset Services, and PayPal Digital.