U.S. Bank has announced the resumption of cryptocurrency custody services for institutional investment managers, expanding its offerings to include support for Bitcoin ETFs, with NYDIG acting as the sub-custodian for digital assets.

This initiative follows the original launch in 2021 and a temporary halt in 2022. The renewed services are now available via U.S. Bank’s Global Fund Services division on an early access basis.

• The bank currently manages over $11.7 trillion in assets and aims to grow its digital asset solutions.

Stephen Philipson stated, “We’re proud to be among the first banks offering cryptocurrency custody for institutional clients back in 2021, and we are enthusiastic about reinstating this service this year.”

Tejas Shah expressed the partnership’s goal: “Together, we can bridge the gap between traditional finance and the modern economy.”