The fifth largest US retail bank will launch Bitcoin Custody Service

Today, the country’s fifth-largest retail bank, US Bank, will announce that its Bitcoin custody services are available to fund managers, CNBC Report

Gunjan Kedia, vice chairman of the bank’s asset management and investment services division, said the service would secure Bitcoin private keys for fund managers through a partnership with NYDIG. CNBC.

It is likely that fund managers, US Bank and NYDIG will all participate in a versatile Bitcoin private key solution, for which most private key holders will have to sign off before spending Bitcoin and this is considered a strong security mechanism. Institutional buyers.

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