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Custodia Bank Launches Bitcoin Custody Service for Businesses

Custodia Bank, a crypto-friendly bank, announced that it has officially launched its Bitcoin custody platform to customers in select U.S. states. On November 7, Custodia Bank, formerly known as Avanti Financial Group, announced on X (formerly Twitter) that they have now launched a dedicated platform to cater to Bitcoin custody services aimed at businesses such as fiduciaries, investment advisers, fund managers, and corporate treasurers. In August, the bank announced plans to accept dollar deposits with a focus on serving U.S. business customers. The platform offers segregated custody accounts through its custom-built Bitcoin custody platform.

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