Custodia Bank announces Bitcoin custody platform launch
Custodia Bank founder and Bitcoin advocate Caitlin Long took to the X platform on Nov. 7 to announce the launch of its Bitcoin custody platform . According to the announce ment, the custody service is said to be designed for businesses such as fiduciaries, investment advisers, fund managers and corporate treasurers. In-house development As a non-lending bank, Custodia is introducing an integrated solution that combines Bitcoin custody and U.S. dollar services, although not FDIC-insured, within a single platform. 1/ BIG NEWS!! Custodia’s #Bitcoin custody platform recently went live. Custodia is a *BANK* built by Bitcoiners & we offer segregated (not omnibus) custody accounts on our custom-built Bitcoin custody platform. Our whitepaper describes how we're different: https://t.co/O6lgaWdSxK — Custodia Bank (@custodiabank) November 7, 2023 The approach is said to streamline user operations and minimize associated risks. It has already received regulatory ap...