Search
Nevada Places Crypto Custodian Prime Trust Into Receivership
27.6.2023
Nevada's Financial Institutions Divisoin filed to appoint a receiver for crypto custodian on Prime Trust, the regulator announced on Tuesday
Crypto Firms Face Turmoil as Prime Trust Fallout Causes Service Disruptions and Concerns
23.6.2023
After the Bitgo acquisition deal to purchase Prime Trust fell through, it seems that crypto firms that have worked with the custodian are experiencing problems. On Thursday, Seattle-based fintech startup Stably announced the need to “temporarily pause” certain services and operations....
Bitgo Abandons Acquisition of Prime Trust Amidst Nevada-Based Custodian’s Ongoing Uncertainty
22.6.2023
On June 22, 2023, Bitgo, a digital assets firm and crypto custodian, declared the termination of its planned acquisition of custodian Prime Trust. The company cited a “considerable effort” in attempting to chart a course for Prime Trust’s future. Bitgo Cancels Prime Trust Acquisition...
Crypto Robo-Adviser Hedgehog Launches as App With Gemini as Custodian
21.6.2023
Hedgehog, which provides algorithm-driven financial guidance for cryptocurrency investors, has launched as an app on both iOS and Android systems
TUSD Supply Skyrockets With 1 Billion Injection Amidst Decline in Stablecoins
20.6.2023
Despite the decline in stablecoins due to substantial redemptions, particularly from projects like USDC, DAI, and BUSD, the project TUSD has experienced a notable surge in its supply. TUSD has added more than a billion dollars’ worth of tokens to its existing supply. As of the present moment...
Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection
15.6.2023
Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals that Banq listed approximately $17.725 million...
Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition
9.6.2023
In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of Bitgo’s network of regulated trust companies....
BitGo Announces Landmark Deal to Acquire Crypto Custodian Prime Trust
9.6.2023
BitGo Holdings Inc., the renowned digital asset trust and security company, has revealed plans to acquire 100% of the equity of Prime Core Technologies, Inc., the parent company of Prime Trust.
The development marks a watershed moment for the Prime Trust clients, positioning them to enjoy business...
Crypto custodian BitGo signals intent to acquire Prime Trust
9.6.2023
Should the deal go through, Prime Trust’s infrastructure will “map over 1:1” with BitGo’s services, and add another trust company and crypto IRA fund
Asset Manager Schroders in Search of Crypto Custodian for Digital Asset Push
8.6.2023
Schroders Plc, an asset management firm with over $900 billion in assets under management, is venturing into crypto and is actively searching for a third-party custodian to support its digital asset expansion.
According to a recent Bloomberg report that cited “people with knowledge of the matter,”...
OKX Chooses Nomura-Backed Crypto Storage Firm Komainu as Custodian
6.6.2023
OKX is the first client to use Komainu Connect, a regulated settlement and custody system for institutional customers
Expect Ripple Deal to Set Off Crypto Custodian M&A, Says Advisory Firm
18.5.2023
Ripple purchased custodian Metaco for $250 million, and regulatory and market conditions could lead to further deals, says Architect Partners
Crypto Custodian Aegis is Offering Free Services to Women-Led Companies
11.5.2023
The company, which is U.S.-qualified through its entity Aegis Trust, is offering six months of free end-to-end custody services for women-led projects to help boost gender parity in crypto
Hard-Wallet Maker Ledger, Crypto Custodian Etana Target Institutions With Regulated Custody
19.4.2023
The companies are looking to make it easier for institutions to hold digital assets and bolster investor confidence in the market
Crypto Custodian Copper to Provide Off-Exchange Settlement to OKX Customers
3.4.2023
Institutional clients will be able to trade on the OKX exchange while their digital assets remain safeguarded with Copper
German Stock Exchange Boerse Stuttgart to Provide Crypto Custody Through Licensed Subsidiary
2.4.2023
Blocknox, a subsidiary of one of Europe’s largest stock exchanges, Boerse Stuttgart, has been licensed to operate as a crypto custodian in Germany. The authorization will allow the company to offer custody services for digital assets to institutional investors across the Old Continent. Boerse...
Nasdaq Aims to Launch Crypto Custody Services in Second Quarter
26.3.2023
Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector which saw the collapse of some major...
Crypto VC Firm Pantera Used Silicon Valley Bank as a Custodian
10.3.2023
A regulatory filing shows the shuttered bank as one of three custodians for Pantera’s funds
SEC Chair Gensler Casts Doubt on Crypto Exchanges' Ability to Meet "Qualified Custodian" Standards – Here's Why
3.3.2023
Crypto exchanges likely do not meet the requirements expected of a qualified custodian, Securities and Exchange Commission (SEC) chair Gary Gensler has said.
Gensler said the fact that exchanges cannot be considered custodians in the legal sense has become clearer as more information has emerged...
Binance's Custody Arm Ceffu Will Apply For Singapore License: Report
2.3.2023
Binance rebranded its custody arm to Ceffu earlier this month