-U.S. Bancorp is restarting its bitcoin custody service after a more than three-year pause, as the Trump administration’s pro-crypto posture has encouraged traditional financial institutions to delve deeper into digital assets. U.S. Bank’s bitcoin custody program – which the firm first announced it would offer in 2021 – is geared toward institutional investment managers with registered or private funds, and for the first time, bitcoin exchange-traded funds. Crypto firm NYDIG will act as the sub-custodian, meaning NYDIG will provide custody of the underlying asset while U.S. Bank will serve as the client-facing intermediary, the bank said.
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