NYDFS Grants Crypto Custody Service License To 'Standard Custody'.
2021-05-04 | Selina Mathew
The
NYDFS [New York Department
of Financial Services] has granted Standard Custody a trusted charter, permitting it
to offer custody services for digital assets in
New York.
Within an official
announcement, NYDFS today revealed, allowing the custody provider
to offer cryptocurrency custody services. Standard Custody
is the 30th such entity to receive approval through the financial regulator, known for having
the foremost advanced cryptocurrency regulatory framework
within the United States.
“Our N.Y. charter will enable us
to assist institutional clients to take full advantage of the digital assets ecosystem
in a highly secure, compliant, and innovative way,” Standard Custody CEO Jack McDonald added within an official statement.
Crypto custody
is usually the gateway for Wall Street involvement in digital assets.
Standard Custody is a subsidiary of California-based PolySign,
consistent with its Twitter biography. In turn, PolySign has been working
to create up its crypto custodian aspect since the starting of 2018.
Leave a comment
Your email address will not be published. Required fields are marked *
