According to ChainCatcher, Fifth Third Bank, headquartered in Nashville, Tennessee, began collaborating with cryptocurrency companies about five years ago but did not make significant investments. With the regulatory environment becoming clearer, the timing is right. Fifth Third Bank's Chief Strategy Officer Ben Hoffman stated that the bank is considering how to expand its cryptocurrency business after establishing a small group of crypto clients using its deposit accounts and payment capabilities. These clients use the bank's services for payroll processing and income receipt transactions. Fifth Third Bank's history dates back to the Ohio Valley Bank, founded in 1858, which has undergone several mergers and name changes.