The funding will be used to develop debit and credit card payment rails in Asia.
Goldman, JPMorgan and Citi are all said to be looking at crypto custody.
The SEC’s broker-dealer guidance was generally welcomed as a step in the right direction by industry players.
Firms could potentially become federally chartered banks allowed to provide crypto custody services by converting their business charters.
Shard X is claiming to be the first company to successfully run multi-party computation (MPC) on hardware security modules (HSMs).
Congressional Democrats blasted the OCC and Acting Comptroller Brooks for spending time on crypto during a pandemic.
The news comes a day after the payments giant confirmed it’s entering the cryptocurrency market.
CoinShares, Nomura Bank and crypto security firm Ledger have formally launched a digital asset custody business targeting institutional investors.
Mason Privatbank Liechtenstein is aiming to cater to both crypto-focused investors and asset managers who are looking to diversify their portfolios.
Even though the crypto custody law falls under the German banking act, German banks are hesitant to give crypto firms bank accounts.