Absa has become Africa’s first bank to offer Bitcoin custody, with BTC making up the largest share of assets held through its institutional service.
Summary
- Bitcoin is the main asset held in Absa’s custody service, according to its digital assets head.
- The bank launched its institutional custody platform on Sep. 21 using technology from Ripple.
- Absa plans to serve more client groups and African markets, subject to regulatory approvals.
- U.S. banks have received regulatory…
