Crypto hardware wallet manufacturer Ledger has enlisted Goldman Sachs, Jefferies, and Barclays to lead a U.S. initial public offering that could value the company at more than $4 billion as crypto custody becomes a critical infrastructure play for institutional investors. The deal could materialize as soon as this year, although plans remain subject to change, according to people familiar with the matter, as cited in a Financial Times report on Friday. The New York Stock Exchange listing plan adds Ledge ...

Crypto custody company BitGo has raised $212.8 million in its initial public offering.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The IPO, the first by a digital asset firm this year, values BitGo at $2.08 bill ...

The U.S. Securities and Exchange Commission has issued a new staff statement that sharply clarifies how broker-dealers must handle custody of crypto asset securities, marking a shift from years of regulatory ambiguity toward direct operational expectations. In a statement released on Dec. 17, 2025, the SEC’s Division of Trading and Markets said broker-dealers that carry crypto asset securities for customers must maintain exclusive possession of those assets by controlling the private keys used to access a ...

Core Insights - BitGo positions itself as the only provider offering all custody options described by the SEC, following its recent regulatory approval to operate as a bank, which enhances its institutional services [2][4]. Group 1: Custody Options - BitGo allows institutions to combine self-custody and third-party custody into a single hybrid strategy, creating custom risk profiles that are unique to its platform [3][4]. - The SEC bulletin outlines two primary models of crypto custody, but BitGo enables clients to utilize both models simultaneously, providing flexibility [4]. Group 2: Asset Storage and Security - Under BitGo's framework, 90% of client assets can be stored in BitGo Trust cold storage, ensuring regulatory compliance, insurance, and security, while the remaining 10% can be in self-custody hot wallets for operational flexibility [5]. - This hybrid approach reduces single points of failure, as assets in the trust remain safe even if self-custody keys are lost, unlike traditional exchanges that risk freezing all funds during insolvency [5]. Group 3: Regulatory Compliance and Insurance - BitGo Bank & Trust, NA, a federally chartered national bank, supports the platform's third-party custody solution and is subject to regular SOC 1 Type 2 and SOC 2 Type 2 audits [6]. - The bank supports over 1,400 coins and tokens under segregated accounts, backed by a $250 million insurance policy from Lloyd's of London syndicates [7]. - BitGo maintains strict 1:1 custody standards, ensuring that client assets are not rehypothecated, lent, or commingled [7].

SEC-Registered Crypto Platforms. Photo by BeInCrypto The US Securities and Exchange Commission (SEC) has issued new guidance to help retail investors better safeguard their cryptocurrency holdings. On December 12, the SEC’s Office of Investor Education and Advocacy published an Investor Bulletin. The document outlines standard crypto custody models and the risks associated with holding digital assets. SEC Warns Retail Investors About Hidden Crypto Custody Risks The SEC’s emphasis comes as the business ...

OCC Chief: Banks Blocking Crypto Custody Is 'Recipe for Irrelevance'► https://t.co/WRYh1gRqsI https://t.co/WRYh1gRqsI ...

Stablecoin issuer Paxos acquires Fordefi, bolstering its crypto custody and wallet offering https://t.co/VqlsWS5iB1 ...

🚨JUST IN: @RIPPLE HAS ACQUIRED CRYPTO CUSTODY FIRM PALISADE TO STRENGTHEN ITS INSTITUTIONAL AND WALLET SERVICES ...

Core Insights - Standard Chartered has expanded its partnership with OKX to provide a custody solution for institutions in the European Economic Area, allowing them to trade crypto without direct deposits to an exchange [1][6] - The custody service is designed to minimize risk for institutions making large trades, as it secures assets with bank-grade custody [2][4] - The partnership aims to build institutional trust in crypto trading, especially in light of past incidents like the FTX collapse, which have made institutions wary of platform risk [4][6] Group 1 - The custody solution enables institutions to trade crypto while their assets are secured by Standard Chartered, enhancing trust in the trading process [1][6] - The partnership initially launched in the UAE and targets institutions making eight- or nine-figure trades, addressing their concerns about risk exposure [2] - OKX provides liquidity by mirroring crypto deposits on its platforms, ensuring that institutions can trade effectively while their collateral is secured [3] Group 2 - The ability to trade large amounts of crypto without relying on a centralized exchange is appealing to institutions concerned about security [4] - Institutional trust in crypto exchanges has been diminished due to previous hacks and insolvencies, making this new product a significant development [4] - The new custody solution is expected to mitigate risks and restore confidence among institutional investors in the crypto market [4][6]

Morning Minute: Citi Sets Sights on 2026 for Crypto Custody► https://t.co/HjWhz2lU9X https://t.co/HjWhz2lU9X ...