Digital Assets Adoption: ING Is Exploring Crypto Custody
This year has been a good year for crypto and even if we haven’t seen any spectacular rises in the price of BTC, except for the bulls from a few months ago, the projects behind the digital assets have been going forward with their developments and achievements.
One of the most important goals for 2019 was mainstream crypto adoption, and things have been going great in this direction as well, with a lot of moves being made towards the achievement of this massive goal.
ING develops tech to custody cryptos
It’s been just revealed that the Dutch bank ING is developing tech to custody crypto for their customers according to a recent report as detailed by the online publication the Daily Hodl.
According to Reuters, the crypto custody project is in its infancy at the moment and it’s also a part of a larger effort to develop blockchain initiatives and give customers a compliant way to gain exposure to the crypto market.
“[ING] sees increasing opportunities with regard to digital assets on both asset-backed and native security tokens.”
Consumer banks might be entering the crypto space
It’s been also revealed that important names like ING that are exploring crypto could signal the next wave of financial services companies, especially consumer banks, entering the space.
The banking giant is the largest in the Netherlands with more than $980 billion in total assets.
The crypto space had a great 2019 with one of the most important goals being the mass adoption of cryptos.
There have been a lot of moves going on in the crypto space which have been taking the industry on the right path towards the achievement of this huge goal.
Other than this, despite the price volatility, there are a lot of optimistic predictions for the future of BTC and digital assets.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.