U.S. Bank Resumes Cryptocurrency Custody Services for Institutional Clients

U.S. Bank has resumed its cryptocurrency custody services for institutional investment managers, offering a secure safekeeping solution for bitcoin. NYDIG will act as the bitcoin sub-custodian. The service is intended for registered or private funds seeking a secure solution for bitcoin custody and administration. U.S. Bank has $11.7 trillion in assets under custody and administration.

U.S. Bank (NYSE:USB) has resumed its cryptocurrency custody services, offering a secure safekeeping solution for bitcoin. This service is part of an early access program for Global Fund Services clients, which includes bitcoin ETFs. The offering is intended for institutional investment managers with registered or private funds seeking a secure solution for bitcoin custody and administration. NYDIG, a vertically integrated bitcoin financial services and power infrastructure firm, will act as the bitcoin sub-custodian.

U.S. Bank, with over $11.7 trillion in assets under custody and administration as of June 30, 2025, is proud to be one of the first banks to offer cryptocurrency custody services. The company's decision to resume this service follows greater regulatory clarity and expands its offerings to include bitcoin ETFs. This move allows U.S. Bank to provide full-service solutions for managers seeking custody and administration services.

Stephen Philipson, vice chair of U.S. Bank Wealth, Corporate, Commercial and Institutional Banking, stated, "We are proud to be one of the first banks to offer cryptocurrency custody for fund and institutional custody clients back in 2021, and we are excited to resume the service this year. Following greater regulatory clarity, we have expanded our offering to include bitcoin ETFs, which allows us to provide full-service solutions for managers seeking custody and administration services."

Tejas Shah, CEO of NYDIG, expressed his enthusiasm about the partnership, saying, "NYDIG is honored to partner with U.S. Bank as its primary provider for bitcoin custody services. Together, we can bridge the gap between traditional finance and the modern economy by facilitating access for Global Fund Services clients to bitcoin as sound money, delivered with the safety and security expected by regulated financial institutions."

Dominic Venturo, senior executive vice president and chief digital officer at U.S. Bank, highlighted the bank's commitment to digital innovation, stating, "U.S. Bank has been at the forefront of exploring how digital assets can serve our clients. Further expanding our capabilities unlocks new opportunities to deliver innovative solutions to those we serve. U.S. Bank will continue to drive progress and shape the future of what matters for our clients in digital finance."

U.S. Bank's cryptocurrency custody services can be accessed through its investment services page at [usbank.com/investment-services](https://www.usbank.com/investment-services).

References:
1. [https://seekingalpha.com/news/4491666-us-bank-resumes-bitcoin-cryptocurrency-custody-services-for-institutional-investment-managers](https://seekingalpha.com/news/4491666-us-bank-resumes-bitcoin-cryptocurrency-custody-services-for-institutional-investment-managers)
2. [https://www.businesswire.com/news/home/20250903779452/en/U.S.-Bank-Resumes-Bitcoin-Cryptocurrency-Custody-Services-for-Institutional-Investment-Managers](https://www.businesswire.com/news/home/20250903779452/en/U.S.-Bank-Resumes-Bitcoin-Cryptocurrency-Custody-Services-for-Institutional-Investment-Managers)