The rising challenge of cryptocurrency compliance

Mainstream institutions are waking up to the allure of digital assets, as shown by Barclays’ recent decision to take a significant stake in Copper, the cryptocurrency custodian. Barclays is in good company: Citi announced in June that it had selected METACO to develop and pilot digital asset custody capabilities; BNY Mellon was chosen by Circle in March to be the primary custodian for the USDC stablecoin; and SC Ventures, the innovation and ventures arm of Standard Chartered, and Northern Trust are behind Zodia Custody, which they describe as “an institutional grade cryptoasset custody solution”.

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