ChainCatcher news, according to The Block, Ripple has launched a series of new features for Ripple Custody aimed at helping banks and fintech companies adopt crypto-supported services. These updates include the ability to tokenize real-world assets (RWA), pre-configured operations and strategy settings, integration with Ripple's XRP Ledger blockchain, and an upgraded user interface.

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, Deep Custodian Limited has been granted the Hong Kong "Trust or Company Service Provider License (License No. TC009487)", allowing it to legally and compliantly provide clients with custody services for crypto assets including Bitcoin and Ethereum.Deep Custodian Limited stated that it will provide secure and compliant asset custody services for individual and institutional clients through state-of-the-art security technology, ensuring that every transaction can be conducted in a safe and reliable environment.In September last year, Deepcoin Labs was granted the Dubai DMCC license and established a $100 million fund to inject strong momentum and financial support for innovation in the Web3 industry. In January this year, Deepcoin became the seventh global exchange to obtain CODE compliance access to adhere to South Korea's cryptocurrency Travel Rule regulations.It is reported that since March 1, 2018, Hong Kong has officially implemented a licensing system for trust or company service providers, providing a legal and compliant regulatory framework for the independent custody of crypto assets, which is an important foundational system for Hong Kong as a Web3 financial center. TCSP has strict requirements for the IT infrastructure of applicants and operating entities, while inheriting many regulatory concepts from traditional finance, including compliance guarantees, KYC and anti-money laundering measures, as well as the establishment of cold and hot wallet security mechanisms, and the development of blockchain technology, among other stringent requirements.

ChainCatcher news, State Street Corp., headquartered in Boston, announced a restructuring of its digital asset team. Currently, its digital asset department has begun hiring, less than six months after layoffs in the department. It is reported that the bank plans to offer cryptocurrency custody services, a move that reflects State Street's increasing confidence in the digital asset market, as cryptocurrencies and tokenized assets become more integrated into the financial system.

ChainCatcher news, according to Bloomberg, Germany's largest state bank Landesbank Baden-Württemberg plans to collaborate with the cryptocurrency trading platform Bitpanda to provide cryptocurrency custody services for institutional and corporate clients in the second half of the year.

ChainCatcher news, according to the official announcement, the Monetary Authority of Singapore (MAS) has announced amendments to the Payment Services Act (PS Act) and its subsidiary regulations, expanding the scope of payment services regulated by MAS and implementing user protection and financial stability-related requirements for digital payment token (DPT) service providers. These amendments will take effect in phases starting from April 4, 2024. The amendments will bring the following activities under the regulation of the PS Act:Providing custody services for DPT;Facilitating the transfer of DPT between accounts and the exchange of DPT, even if the service provider does not handle the funds or DPT;Facilitating cross-border fund transfers between different countries, even if the funds are not accepted or received in Singapore.In addition, transitional arrangements will be provided for entities currently conducting activities under the expanded scope of the PS Act. These entities must notify MAS within 30 days starting from April 4 and submit a license application within six months from April 4, 2024, if they wish to temporarily continue these activities while MAS reviews their license application. Entities that do not comply with the above requirements will be required to cease activities when the amendments take effect.

ChainCatcher news, crypto custody and staking service provider Finoa has completed a $15 million financing round, led by Maven 11 Capital and Balderton Capital, with participation from Blue Bay Ventures, Signature Ventures, Coparion, and Venture Stars.Christopher May, co-founder and co-CEO of Finoa, stated that this equity financing round started in June last year and concluded in December.Finoa initially aimed to raise $5 to $6 million in this round from existing investors, but due to external investors' interest in the company's recent return to profitability, it ultimately raised more funds.This strategic financing comes nearly three years after Finoa raised $22 million in its Series A round in April 2021. Given the challenging market conditions last year, Finoa did not pursue a large Series B round but opted for a smaller strategic financing to achieve growth. A source familiar with the matter indicated that this round of financing maintained a valuation of $100 million, consistent with Finoa's Series A valuation in 2021.

ChainCatcher news, according to Crowdfund Insider, the Abu Dhabi-based cryptocurrency custody service company Changer.ae has obtained a cryptocurrency custody service operating license issued by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA).It is reported that Changer.ae offers subscription-based services for storing virtual assets and plans to expand its product range in early Q1 2024, including converting virtual assets into fiat currency and custody arrangements with undisclosed banking partners.

ChainCatcher news, Hana Bank has reached a strategic cooperation agreement with the cryptocurrency custody company BitGo, and will provide cryptocurrency asset custody services in the second half of 2024. Currently, BitGo is establishing a legal entity in South Korea and preparing to obtain Information Security Management System (ISMS) certification and Virtual Asset Service Provider (VASP) report.

According to ChainCatcher news, as reported by CoinDesk, CACEIS Bank, the asset services division of Crédit Agricole and Santander, has been registered with French regulators to provide cryptocurrency custody services. According to the regulator's website, CACEIS Bank serves asset management companies such as insurance companies, pension funds, and private equity. (Source link)

ChainCatcher news, according to Bloomberg, Deutsche Bank AG has applied for regulatory approval to provide custody services for digital assets such as cryptocurrencies.David Lynne, head of the bank's commercial banking division, stated that this move is part of a broader strategy for Deutsche Bank to increase fee income from its corporate banking business. It also reflects the efforts of DWS Group, Deutsche Bank's investment division, to expand revenue from digital asset-related products. (Source link)

ChainCatcher news, according to Bloomberg, Nasdaq plans to launch cryptocurrency custody services by the end of the second quarter. Ira Auerbach, Senior Vice President and Head of Nasdaq Digital Assets, stated that Nasdaq is advancing all necessary technological infrastructure and regulatory approval processes.Previously, ChainCatcher reported in September last year that Nasdaq planned to launch institutional crypto custody services, initially offering custody for Bitcoin and Ethereum. (source link)