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Texas Transitions Bitcoin Holdings From ETF to Direct Custody Solution
The Lone Star State is taking decisive steps to transform its Strategic Bitcoin Reserve from ETF-based holdings into directly owned digital assets. State officials have launched a formal search for qualified custody and liquidity service providers. This initiative marks a significant evolution from policy framework to practical implementation. On May 7, the Texas Comptroller of Public Accounts issued a comprehensive request for proposals. The solicitation targets firms capable of delivering custody solutions, liquidity management, and comprehensive reporting infrastructure. These services will support the state’s ... (full story)
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