Cathay United Bank can now store Bitcoin! The first wave of the pilot has been approved, targeting high-net-worth clients.

Cathay United Bank has obtained approval from the Financial Supervisory Commission to pilot virtual asset custody services, bringing bank-level security and compliance services to Taiwan's high-net-worth clients, symbolizing the formal entry of digital assets into Taiwan's traditional financial sector. (Background: Is stablecoin just a 'digital EasyCard'? A cognitive battle that could stifle Taiwan's crypto future) (Context: The U.S. imposes a 20% tariff on Taiwan; do you know how much Taiwan imposes on the U.S.? It might not be as low as you think.) Taipei time August 7, 2025, Cathay United Bank announced that it has received approval from the Financial Supervisory Commission, becoming one of the first banks in Taiwan to pilot virtual asset custody services. This approval symbolizes that traditional finance is officially opening its doors, incorporating digital assets such as Bitcoin (BTC) and Ethereum into a bank-level custody system, with the first wave of services targeting high-net-worth individual clients. Financial milestone: A new option for high-net-worth clients. In the past, virtual assets in Taiwan were mainly operated by Virtual Asset Service Providers (VASPs), and if investors wanted to ensure the security of their digital assets, they often had to rely on overseas cold wallets or exchanges. After obtaining approval, Cathay United Bank finally brings an 'onshore' bank-level custody solution to the market. This move fills the gap for high-net-worth individuals in virtual asset allocation and secure custody, adding new tools to private banking services. In terms of cybersecurity and compliance, Cathay United Bank places private keys in institution-grade cold wallets and employs multi-signature authorization, similar to the multi-layer access controls of a physical vault. Cathay explains that to meet anti-money laundering requirements, the bank extends KYC to KYA and KYT, and through on-chain financial flow analysis, it tracks the source and destination of every transaction. With measures such as multi-signature, cold storage, and AI-driven fraud detection, a complete defense line is formed. Related reports: Taiwan's collective anxiety over semiconductor tariffs: What is the U.S. 'Section 232'? Hong Kong's (Stablecoin Regulation) is effective immediately; Standard Chartered Bank: Apply for issuance as soon as possible. Hong Kong's Stablecoin Regulation effective August 1: Licenses, regulation, bank custody... key points at a glance. "Cathay United Bank can now store Bitcoin! The first wave of the pilot has been approved, targeting high-net-worth clients" was first published in BlockTempo (the most influential blockchain news media).