ChainCatcher news, according to Bloomberg, Deutsche Boerse's post-trade division Clearstream announced that it will begin offering cryptocurrency settlement and custody services for institutional clients starting in April this year.According to a statement released by Clearstream on March 11, the company plans to provide Bitcoin and Ethereum services to its 2,500 clients through its subsidiary Crypto Finance as a sub-custodian. Clearstream also plans to expand support for other cryptocurrencies in the future and offer services such as staking, lending, and brokerage.

ChainCatcher news, according to Cointelegraph, Turkey's digital bank BankPozitif is set to collaborate with Swiss crypto platform Taurus to launch cryptocurrency custody services, becoming the latest financial institution in Turkey to embrace digital assets.Currently, the two parties have established a strategic partnership, allowing their institutional clients to store crypto assets at the bank.

ChainCatcher news, according to a report by Jinbao, the US-listed cryptocurrency exchange Coinbase announced that it is considering expanding into the Asia-Pacific market. Its Managing Director for the Asia-Pacific region and Director based in Australia, John O'Loghlen, stated that after exiting the Japanese market two years ago, although Japan has recently relaxed token restrictions, the variety of tokens remains very limited and platforms must have at least 10 actual employees, which poses significant challenges from a business perspective.John O'Loghlen also mentioned that there are currently no plans to operate in Hong Kong. If an international platform enters the Hong Kong market, it may require changing the entire tech stack of the exchange. However, Coinbase has already begun providing custody services for local ETFs in Hong Kong and is in discussions with HSBC regarding a sub-custodian plan for ETFs.

ChainCatcher news, according to CoinDesk, DekaBank, a large German financial institution managing €377 billion ($395 billion) in assets, has announced the launch of cryptocurrency trading and custody services for institutional clients.The company has obtained regulatory approval for crypto custody under the German Banking Act from the Federal Financial Supervisory Authority (BaFin) prior to the launch of the new services.

ChainCatcher news, according to Ledger Insights, State Street plans to launch cryptocurrency custody services next year. Last year, State Street collaborated with Taurus to develop custody technology. A survey conducted by State Street in the middle of last year showed that clients have a strong interest in digital asset custody— including tokenization and cryptocurrencies, but with a greater interest in cryptocurrencies.It is reported that State Street's assets under custody (AUC) amount to $46.6 trillion, making it the second-largest custodian in the world.

ChainCatcher news, according to Cointelegraph, Standard Chartered has obtained a Luxembourg license to launch digital asset custody services in the EU.

ChainCatcher news, according to FinanceFeeds, Crypto.com announced the establishment of Crypto.com Custody Trust Company, which will provide digital asset custody services for qualified institutions and high-net-worth clients in the United States and Canada after obtaining a trust company license.In the coming weeks, the digital assets of users in the US and Canada will be migrated to the newly established custody trust company, and users will continue to have access to their accounts and funds during the migration process.

ChainCatcher news, Bybit announced that it will terminate withdrawal and custody services in France starting from January 8, 2025. After January 8, 2025, users with asset values of 10 USDC or below will be charged a fee of 10 USDC and have their accounts closed. For users with assets exceeding 10 USDC, BYBIT will initiate the transfer of any remaining funds to Coinhouse, and subsequent withdrawals will need to be processed through their platform.

ChainCatcher news, Standard Chartered Bank announced that it will provide cash management, trading, and custody services for the stablecoins issued by Paxos outside the United States.It is reported that Paxos has issued the Lift Dollar (USDL) in Abu Dhabi, with a market capitalization of $54 million, and the Global Dollar (USDG) in Singapore, with a market capitalization of $29 million.John Collura of Standard Chartered Bank stated, "Our partnership with Paxos reflects Standard Chartered's commitment to trust and innovation in the future of digital finance. By providing robust cash management, trading, and custody services, we support the next generation of secure and regulated digital asset solutions in driving global adoption and economic inclusion."

ChainCatcher news, according to Chainwire, the Turkish crypto asset technology company Paribu has announced the launch of Paribu Custody services, providing digital asset custody and management services for global institutional clients. Since its establishment in 2017, the platform has accumulated 7 million users.Cem Sağlam, Paribu's Institutional Sales and Business Development Manager, stated that the company's self-developed ColdShield® technology integrates MPC, SGX, and HSM technologies, dispersing customer private keys across multiple independent environments to ensure that no individual or organization can access the complete private key.

ChainCatcher news, according to Coindesk, the cryptocurrency company Copper announced in a press release on Wednesday that it will now provide custody and trading for tokenized money market funds such as BlackRock's BUIDL for its clients.The company has signed new partnerships with major players in the tokenization space, including Securitize, Franklin Templeton, Ondo, and Hashnote. Securitize is the transfer agent and tokenization platform for BlackRock's US Dollar Institutional Digital Liquidity Fund, which is issued on the Ethereum blockchain and represented by the blockchain-based BUIDL token.

ChainCatcher news, according to CoinDesk, the cryptocurrency company Copper announced in a press release on Wednesday that it will now provide custody and trading for tokenized money market funds such as BlackRock's BUIDL for its clients.The company has signed new partnerships with major players in the tokenization space, including Securitize, Franklin Templeton, Ondo, and Hashnote. Securitize is the transfer agent and tokenization platform for BlackRock's US Dollar Institutional Digital Liquidity Fund, which is issued on the Ethereum blockchain and represented by the blockchain-based BUIDL token.

ChainCatcher news, according to PCHOME, Taiwan's "Financial Supervisory Commission" plans to launch a pilot program for virtual asset custody services, with three banks already expressing interest in applying. It is reported that the service may start as early as the first quarter of 2025, targeting virtual asset exchanges and professional institutional investors. Hu Zehua, Director of the Comprehensive Planning Department of the Financial Supervisory Commission, stated that applying institutions need to provide detailed descriptions of the types of virtual assets to be custodied, such as Bitcoin, Ethereum, etc.The Financial Supervisory Commission will pay special attention to the security of the business and the implementation of anti-money laundering measures. This move aims to promote financial innovation and lay the foundation for the upcoming special law on virtual assets. It is expected that by the end of this year, the Financial Supervisory Commission will introduce a draft of the relevant special law to provide a clear development framework for the virtual asset industry.

ChainCatcher news, according to Bloomberg, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler stated that the digital asset custody service structure proposed by Bank of New York Mellon can be applied to cryptocurrencies beyond Bitcoin and Ethereum ETFs.Gensler mentioned that the structure proposed by Bank of New York Mellon includes the use of individual crypto wallets, with each wallet having a separate bank account, and prohibits mixing with bank assets. Earlier this week, Bank of New York Mellon acknowledged that it had submitted a Bitcoin and Ethereum custody plan to the SEC's Office of the Chief Accountant to protect customer funds in the event of a bank bankruptcy.

ChainCatcher news, Bank of New York Mellon (BNY) is moving towards providing custody services for Bitcoin and Ethereum for its exchange-traded fund (ETF) clients, following the U.S. Securities and Exchange Commission (SEC) easing its requirements regarding compliance with controversial cryptocurrency accounting standards.The SEC's Office of the Chief Accountant concluded earlier this year that banks do not need to comply with the SEC's Staff Accounting Bulletin SAB 121.SAB 121 requires companies to classify their safeguarded customer crypto assets as liabilities in their accounting. This has been a challenge for the U.S. crypto industry since its introduction in April 2022.

ChainCatcher news, according to TheBlock, Anchorage Digital announced that it will provide custody services for 21Shares' spot Bitcoin and Ethereum ETFs, and will require issuers and participants to use biometric authentication to participate in the crypto ETFs to enhance security.

ChainCatcher news, according to The Block, fintech company tZERO Group Inc. has been approved by U.S. regulators to become a special purpose broker-dealer for "digital asset securities custody."According to a statement released by the company on Tuesday, the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority have approved tZERO to custody digital assets, making it the second company to receive this license. Previously, digital asset company Prometheum received similar approval from the U.S. Securities and Exchange Commission last year, followed by approval from the U.S. Financial Industry Regulatory Authority to provide digital asset securities clearing and settlement services through its special purpose broker-dealer license.

ChainCatcher news, according to Cointelegraph, multinational bank Standard Chartered has announced that it will begin offering cryptocurrency custody services in the United Arab Emirates, currently supporting the custody of BTC and ETH.It is reported that Standard Chartered has launched the related custody services in collaboration with the cryptocurrency division of hedge fund Brevan Howard, Brevan Howard Digital. This custody solution has now received approval from the Dubai Financial Services Authority (DFSA), the specialized financial regulatory authority of DIFC.