Custodia Bank
Custodia Bank is a Wyoming-based special-purpose depository institution that specializes in digital asset payment and custody solutions for U.S. commercial customers. Founded in 2020, Custodia is purpose-built to bridge the gap between traditional finance and the digital asset economy. Custodia aims to provide a full suite of banking and financial services tailored to business customers looking for enhanced regulatory clarity and minimized transactional risk as they traverse the digital asset frontier. The bank's core services include regulated custody of digital assets, U.S. dollar deposit accounts, and secure payment solutions for institutions involved in blockchain finance.
ABOUT CUSTODIA BANK
Custodia Bank is a Special Purpose Depository Institution that offers a range of services tailored for institutions engaged in blockchain finance.
Since 2020, the bank has been a vocal proponent of Bitcoin and decentralized digital assets, positioning itself as a leader in compliant crypto banking.
Custodia's efforts to integrate digital assets into the traditional banking system have faced challenges, including a denied application for a master account by the Federal Reserve Bank of Kansas City.
The bank is currently appealing this decision, asserting that the denial hinders its ability to provide efficient financial services to the digital asset industry.
CORE OFFERINGS
Bitcoin Custody Services.
Custodia Bank provides institutional-grade Bitcoin custody solutions, utilizing a segregated account model, managing private keys and stores digital assets on-chain and offering a robust solution for clients seeking secure Bitcoin storage.
Avit™ Stablecoin.
In partnership with Vantage Bank, Custodia has developed Avit™, a stablecoin backed by tokenized U.S. dollar demand deposits. This stablecoin operates on the Ethereum blockchain using the ERC-20 token standard.
SOC 2 Type II Compliance.
Custodia Bank has achieved SOC 2 Type II compliance, demonstrating its commitment to maintaining high standards of security, availability, and confidentiality in its operations.