cryptocustody

BitGo will custody the USD1 stablecoin reserves issued by WLFI—backed by short-term U.S. Treasuries and housed on both Ethereum and BNB Chain. CEO Mike Belshe praised this as a leap toward "institutional-ready digital assets.
Key Highlights:
Reserves Strategy: USD1 is backed by hard collateral—contrasting algorithmic offerings—and now secured under BitGo’s watchful custody.
Institutional Appeal: A custodial partnership with BitGo eases regulatory concerns about reserve integrity.
Future Integration: Connections with Ondo Finance and Ethena may further streamline tokenized Treasury deployment.
Would institutional custody make you more likely to use USD1?
#Stablecoin #cryptocustody $USD1 #Trump100Days #MarketTurbulence
$ETH
$BNB

Binance has teamed up with BBVA, one of Spain’s largest banks, to offer off-exchange custody for your crypto! Now you can store assets securely with BBVA held in U.S. Treasuries while still using them as margin on Binance.
This means:
• Greater safety & transparency
• Reduced counterparty risk
• A significant step toward mainstream crypto adoption

What do you think should more crypto platforms explore bank-backed custody like this? Share your thoughts below!

#Binance #BBVA #cryptocustody

In a bold step toward restoring trust in centralized exchanges, Binance has partnered with Spain’s BBVA to offer independent custody of user funds. This move comes in response to growing concerns over asset security following the FTX collapse and other industry shakeups.

🔐 **Why It Matters:**
- BBVA will hold customer assets in U.S. Treasurys, accepted by Binance as margin for trading.
- Reduces counterparty risk and adds bank-backed collateral protection.
- Bridges the gap between traditional finance and crypto investing.

💳 Binance also launched near-instant crypto-to-fiat conversion via Mastercard for European users—streamlining off-ramping across the EEA and UK.

As the crypto landscape evolves, Binance’s push for transparency and institutional-grade safeguards could redefine how users interact with exchanges.
$BTC
#Binance #cryptocustody #BBVA #Web3 #CryptoSecurity
$ETH
$BNB

A seismic shift is underway in the crypto world — Binance has officially partnered with global banking powerhouse BBVA, setting a new benchmark for security, trust, and institutional adoption.

At a time when counterparty risk is top of mind and regulators are tightening their grip, this move is more than just strategic — it’s foundational.

What’s changing?

BBVA will now independently custody Binance user assets, invested in US Treasury bonds

Binance will have no direct access, separating custody from trading — the gold standard in traditional finance

Assets can be used as collateral, but with full third-party oversight

This model mirrors the safeguards of legacy finance, now applied to crypto — something the market has demanded since the FTX collapse in 2022.

Why this matters:

Following a record $4B fine, Binance is making serious moves to rebuild trust

BBVA’s global reputation adds credibility no other crypto-native custodian can match

It sends a clear message: crypto is growing up, and institutions are paying attention

With the rise of pro-crypto policies in the US and the MiCA framework in Europe, partnerships like this are the blueprint for what’s next — bridging traditional finance and Web3 with trust at the center.

This isn’t just a partnership — it’s a power shift.
Crypto custody just hit a new standard. And the institutions are watching.

#Binance #BBVA #cryptocustody #BTCUnbound #DeFiMeetsTradFi

$XRP

In a landmark decision, the SEC has officially reversed the controversial SAB 121 regulation, which previously restricted banks from holding cryptocurrencies for their clients. This historic move marks a turning point for the financial industry, enabling banks to offer custody services for digital assets and explore crypto-backed lending opportunities. 💰✨
What’s Behind the Change? 🔄
1. SAB 121 Repealed:
Under the previous rule, banks were required to classify cryptocurrency holdings as liabilities on their balance sheets, complicating compliance, accounting, and tax reporting. With the adoption of SAB 122, these burdens have been lifted, giving financial institutions the green light to manage and secure digital assets for their customers.
2. Bipartisan Support:
This regulatory pivot follows extensive lobbying efforts and growing recognition from both political parties that cryptocurrencies need to be integrated into mainstream finance. The bipartisan consensus underscores the increasing legitimacy of digital assets within the broader economy. 🏛️🤝
Why This Development is Groundbreaking 🚀
1. New Opportunities for Banks:
Banks are now free to dive into the cryptocurrency space, offering innovative financial services such as secure custody solutions and crypto-backed loans. Major institutions like Bank of America and JPMorgan are likely to lead the charge, creating a new wave of adoption.
2. Accelerating Mainstream Adoption:
Clearer regulations eliminate uncertainties, making cryptocurrencies more accessible to individuals and businesses. This step could lead to a significant increase in the use of digital assets across traditional financial systems. 🌍💳
What’s Next for Crypto and Banking? 🔮
Secure Storage Services:
Banks will soon provide reliable and secure custody solutions for digital assets, offering customers peace of mind when storing their cryptocurrencies. 🔐
Crypto-Backed Loans:
Imagine using your cryptocurrency holdings to secure loans. This game-changing option could redefine how businesses and individuals leverage their digital assets for growth and investment. 💸🏗️
Key Takeaway:
The SEC’s reversal of SAB 121 signals a major regulatory breakthrough, ushering in a new era of collaboration between traditional finance and the cryptocurrency market. As banks embrace these opportunities, we’re poised to see innovation and adoption accelerate across the financial landscape.
Stay tuned as this monumental shift reshapes the future of digital assets and banking!
#CryptoRegulations #SECUpdate #CryptoCustody #DigitalFinance
#BinanceAlphaAlert

Ripple President Monica Long recently took to X to emphasize the critical importance of institutional adoption of digital assets in South Korea. In her announcement, she unveiled Ripple’s new partnership with BDACS, a leading digital asset custody firm in the region. The collaboration aims to build a robust custody infrastructure for cryptocurrencies like XRP and RLUSD, ensuring secure storage and efficient management for institutional investors.
Strengthening Custody Infrastructure
The partnership with BDACS is set to enhance the overall security and accessibility of crypto assets. BDACS will integrate Ripple Custody into its platform, providing institutions a reliable and regulated solution to trade and store digital assets. BDACS CEO Harry Ryoo highlighted the significance of this collaboration, stating that it will offer a secure platform that meets all regulatory standards. This move aligns with South Korea’s regulatory roadmap from the Financial Services Commission, which encourages increased institutional participation in the digital asset market.
A Strategic Move for Growth
Fiona Murray, Managing Director of APAC at Ripple, expressed her optimism about the partnership, noting that it will enable Ripple to extend its custody services to more institutional investors in South Korea. As regulatory reforms and enhanced corporate participation drive growth in the crypto sector, this collaboration is expected to play a pivotal role in expanding the adoption of digital assets. With secure custody solutions becoming increasingly essential, Ripple and BDACS are poised to set new benchmarks in the region’s evolving crypto landscape.

#Ripple #cryptocustody #SouthKorea #DigitalAssets
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