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Banks as crypto custodians: Could there be a downside for staking?
The OCC (US Office of the Comptroller of Currency) recently released an update allowing US banks to act as custodians for crypto assets and serve as validators in PoS blockchains. But how will this shift reshape the Web3 market in terms of decentralization, staking yields, and competition? A major step for institutional crypto adoption, the update removes previous restrictions, allowing banks to directly hold and manage crypto assets. While some banks already offer custody services through third parties, this change enables them to act as custodians themselves, work with stablecoins, and provide fiat backing. “This ... (full story)
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- Posted: Mar 13, 3:17pm (33 hr ago)
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 258
