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Standard Custody Is Approval To Provide Crypto Custody Services In New York State
Summary: The New York State Department of Financial Services (NYDFS) announced on Tuesday that it has granted Standard Custody a trust charter under the New York Banking Act. With DFS approval, Standard has the right to provide digital asset custody and other related services to New York clients, including DFS regulated entities. This is the 30th ...
The New York State Department of Financial Services (NYDFS) announced on Tuesday that it has granted Standard Custody a trust charter under the New York Banking Act.
With DFS approval, Standard has the right to provide digital asset custody and other related services to New York clients, including DFS regulated entities. This is the 30th charters and licenses granted to virtual currency companies by DFS so far.
Standard Custody, a subsidiary of PolySign headquartered in California, is an institution-level custody and settlement platform for digital assets. PolySign has been building its cryptocurrency custody business since 2018.
BY Mary Liu
Tags: NYDFS,Standard Custody,Trust
Link: Standard Custody Is Approval To Provide Crypto Custody Services In New York State [Copy]
