FV Bank launches digital assets custody and settlement service
09 November 2022 US
Image: Blue Planet Studio
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, along with know your customer, know your buyer and anti-money laundering (AML) protocols.
Miles Paschini, CEO, says: “Our primary goal since founding FV Bank has been to help drive blockchain technology innovation in financial services by offering institutional clients a technology solution integrated into a regulated bank and trust model that offers traditional banking along with digital assets custody and settlement.
“The infrastructure we are delivering to the marketplace will help bridge the divide between the traditional financial sector and the digital asset economy and will accelerate digital asset adoption globally. We have also advanced best-in-class AML procedures for digital assets by combining traditional bank compliance functions with specialised blockchain analytics.”
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, along with know your customer, know your buyer and anti-money laundering (AML) protocols.
Miles Paschini, CEO, says: “Our primary goal since founding FV Bank has been to help drive blockchain technology innovation in financial services by offering institutional clients a technology solution integrated into a regulated bank and trust model that offers traditional banking along with digital assets custody and settlement.
“The infrastructure we are delivering to the marketplace will help bridge the divide between the traditional financial sector and the digital asset economy and will accelerate digital asset adoption globally. We have also advanced best-in-class AML procedures for digital assets by combining traditional bank compliance functions with specialised blockchain analytics.”
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