Custodia Bank Unveils Revolutionary Bitcoin Custody Solution, Unlocking New Digital Horizons

"Avanti Financial Group, Founded by Bitcoin Advocate Caitlin Long, Launches Innovative Banking Platform for Fiduciaries and Corporate Treasurers"

Custodia Bank, formerly known as Avanti Financial Group and headquartered in Cheyenne, Wyoming, was founded by prominent Bitcoin advocate Caitlin Long. The bank’s primary objective is to serve fiduciaries, investment advisers, fund managers, and corporate treasurers, providing them with a platform that does not engage in lending. Its services include segregated custody accounts and the integration of Bitcoin custody with U.S. dollar services.

Despite facing regulatory challenges earlier this year, including a rejection from the Federal Reserve System in January 2023 due to concerns about high crypto concentration, Custodia Bank successfully opened its doors in August 2023. The bank, acting as a digital asset custodian, aims to bridge the gap between digital assets and the U.S. dollar payments system.

Custodia Bank’s decision to launch a Bitcoin custody service comes after DZ Bank’s recent move to offer crypto custody for institutional investors. In the midst of a volatile market, Custodia Bank places great importance on user feedback and remains committed to adapting to market changes.

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Martin Reid

Martin Reid

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