ChainCatcher news, according to Cointelegraph, U.S. Bancorp CEO Gunjan Kedia revealed at the Morgan Stanley Financial Conference that the bank's crypto custody business has regained momentum under the support of the Trump administration's policies and is currently exploring business opportunities in the stablecoin sector.Kedia stated that the crypto custody service launched by the bank in 2021 faced development obstacles due to regulatory uncertainty during the Biden administration, but recent institutional demand has significantly rebounded. She pointed out that the current focus is on stablecoin payments, and the bank may issue its own stablecoin or provide infrastructure services such as reserve asset custody through collaborative models. Kedia also noted that currently, 90% of stablecoin transactions still occur within the circulation of cryptocurrencies.

ChainCatcher news, the security tokenization infrastructure company Ownera announced the participation of U.S. Bancorp in its Series A financing. Developed based on the open-source FinP2P protocol, Ownera provides services for regulated financial institutions aimed at connecting all public chains, consortium chains, and any type of asset tokenization platform off-chain.ChainCatcher previously reported that Ownera announced the completion of a $20 million Series A financing in September 2022, with investors including JPMorgan Chase. (Source link)