U.S. banks’ burgeoning digital asset involvement increases potential product offerings and can boost fees, yields, and efficiency while improving customer service. However, it also increases reputational, liquidity, operational and compliance risks, even when limited to relatively lower-risk businesses such as trust and custody services and cash management, Fitch Ratings says. U.S. regulatory pendulum has swung decisively toward acceptance of digital assets. After years of caution under the Biden administration, U.S. banks can now pursue cryptocurrency custody, stablecoin issuance, and blockchain-based services ... (full story)