The US Bank announced today that it has officially resumed its cryptocurrency custody services for institutional investment administrators, reopening a program introduced for the first time in 2021. The service, which is relating as an early access program for customers of global fund services, is designed to provide safe solutions for Bitcoin, with NYDIG that serves as a sub -test.
The decision occurs after years of regulatory uncertainty, with US Bank citing a clearer frame for digital assets as a key factor to relaunch the program. In addition to providing custody for Bitcoin directly, the Bank has expanded its offer to include custody services for Bagcoin -listed funds (ETF).
Stephen Philipson, vice president of the wealth of the American bank, the corporate, commercial and institutional banks, highlighted the pioneering role of the bank in digital finances. “We are proud to have been one of the first banks to offer cryptocurrency custody for clients of funds and institutional custody in 2021, and we are excited to resume the service this year. After greater regulatory clarity, we have expanded our offer to include Bitcoin ETF, which allows us to provide full service solutions for managers seeking custody and administration services. “
NYDIG, a Bitcoin Energy and Financial Services infrastructure firm integrated vertically, will act as the main Bitcoin subcustodian for the program. Shah tiles, CEO of Nydig, said the association underlines the convergence of traditional finance with the economy of digital assets. “Nydig has the honor of associating with Us Bank as its main supplier of Bitcoin’s custody services. Together, we can close the gap between traditional finances and the modern economy by facilitating access for customers of global fund services to Bitcoin as solid money, delivered with the security expected by regulated financial institutions.”
The relaunch reflects the continuous strategy of the US bank to expand its digital capacities for institutional clients. Dominic Venturo, senior executive vice president and digital director, said the initiative positions the Bank at the forefront of innovation. “The American bank has been at the forefront of exploring how digital assets can serve our clients. Expand more our capabilities unlocks new opportunities to offer innovative solutions to those we serve. The US bank will continue to boost progress and shape the future of what matters for our clients in digital finances.”
The richness of the American bank, the corporate, commercial and institutional banks currently manages more than $ 11.7 billion in assets in custody and administration as of June 30, 2025. Bank’s services cover the custody of funds, ETF and alternative investment administration, asset management, corporate trusts and wealth management solutions.
Based in Minneapolis, US Bancorp is the US Bank parent company, with approximately 70,000 employees and $ 686 billion in assets. Recognized for digital innovation and customer service, US Bank has also won recognition as one of the most ethical companies in 2025 and one of the most admired super -admired banks of Fortune.