The United States may soon have a Bitcoin-only trust company, according todisclosed by BitGo and Swan Bitcoin on Sep. 15. The joint venture is pending regulatory approval, the companies said in a statement.
"For years, we've heard from major clients, partners, and other Bitcoin companies that they would prefer a Bitcoin-only software and services stack that is focused strictly on the best custody that leverages Bitcoin's unique features,” Klippsten said. As part of our long-term vision to advance Bitcoin adoption, we’re announcing a major step forward for Swan and the entire Bitcoin ecosystem:— Swan Bitcoin Adoption Team BitGo offers digital assets security and custody, supporting over 30 cryptocurrencies as per its website.
Institutional investors in the crypto space are a fast-growing market in the United States, especially as the world's biggest asset managersexchange-traded fund . Several large Wall Street players offer cryptocurrency custody solutions to institutional investors, including Bank of New York Mellon and Deutsche Bank.
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Source: CoinDesk - 🏆 291. / 63 Read more »