Global digital bank FV Bank has launched a digital asset custody and settlement service, which has gone live on the platform with immediate effect.
Bitcoin is the first digital asset to be supported by the feature, with Ethereum, USDC and USDT expected to follow in the near future and a wider range to be included in phase two of the custody service.
The FV Bank platform encompasses settlement services and compliance, as well as know-your-customer, know-your-buyer, and anti-money laundering (AML) protocols.
Miles Paschini, CEO, says, “Our primary focus since inception of FV Bank has been to help drive blockchain technology innovation in financial services by providing institutional clients with a technology solution integrated into a banking and fiduciary model. regulated that offers traditional banking services as well as digital asset custody. and settlement.
“The infrastructure we provide to the market will help bridge the gap between the traditional financial sector and the digital asset economy and accelerate the adoption of digital assets globally. We have also advanced the best AML procedures for digital assets by combining traditional banking compliance functions with specialized blockchain analytics.