Regulators Greenlight Crypto Custody for Banks

Yesterday, July 14, 2025, the OCC, FDIC, and Federal Reserve issued a joint announcement confirming that federally regulated banks are permitted to offer cryptocurrency safekeeping (custody) services. The regulators emphasized that while no new rules are being introduced, banks must apply existing risk management, cybersecurity, and legal compliance standards when engaging in crypto custody. This move signals growing regulatory clarity around digital assets and opens the door for more traditional financial institutions to securely hold crypto assets on behalf of their clients.

If you have any questions or wish to discuss the practical implications for investment managers trading crypto assets, please reach out to the Orical team.