Custodia Bank debuts segregated custody accounts service

Custodia Bank is now offering to hold bitcoin for businesses, as the crypto-friendly company looks to tout a different custody model than some competitors. 

Custodia’s Bitcoin custody platform, designed for fiduciaries, investment advisers, fund managers and corporate treasurers, is now operational in select US states, the company said in a Tuesday X post. 

Certain bitcoin custody models have become “infamous,” Custodia CEO Caitlin Long said in the company’s bitcoin custody white paper — noting the failures of Mt. Gox, FTX and Prime Trust.  

Custodia looks to offer a “property-rights-respecting bitcoin custody service” by using segregated accounts, Long added, which…

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