Asset Management Firm Northern Trust to Start Crypto Custody Business

Chicago-based asset management firm Northern Trust Corp. is looking to begin a custody service for digital assets such as cryptocurrencies. Northern Trust Corp., a leading global asset management firm with $954 billion in total assets under management, is planning to start a custody service for digital assets, Bloomberg reported July 31. The company’s head of corporate and institutional business Pete Cherecwich told Bloomberg that the company has started developing a strategy to secure custody-held digital assets such as cryptocurrencies. He said the firm aims to offer a […]
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