The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies) are issuing this statement for banking organizations1 that provide or are considering providing safekeeping for crypto-assets.2 For purposes of this statement, “safekeeping” is defined as the service of holding an asset on a customer’s behalf.3 The agencies recognize that crypto-asset custodians may provide other custody services4 while safekeeping crypto-assets. This statement focuses on safekeeping. This statement discusses how ... (full story)