Wall Street in Line to Reap Benefits of US Crypto Custody Shake-Up
- Big banks may partner with crypto firms to launch services
- Progress has been slow-moving, giving native firms an edge
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Traditional financial firms and the crypto custodians they’ve backed may be best-positioned to cash in on proposed changes to US regulation for safeguarding digital assets, thanks to an existing portfolio of licenses and a trusted reputation in handling client funds.
But first, it’ll take some grit.