3 articles
Citadel-backed EDX Markets is applying for a US national trust bank charter from the OCC to expand its institutional crypto custody, asset management, and trading services. This move not only enhances EDX's competitiveness but also marks a pivotal step in the convergence of traditional finance and crypto, signaling an acceleration towards industry compliance and mainstream adoption.
Crypto financial services giant Galaxy Digital reported a $482 million net loss for Q4, triggering a 6% decline in its share price. Despite the quarterly setback, the firm maintained a strong full-year adjusted gross profit of $426 million and ended the year with $2.6 billion in liquidity.
Self-custody is evolving beyond a retail pursuit, becoming a critical architectural choice for institutions in the digital asset space. Artemiy Parshakov, VP of Institutions at P2P.org, highlights how advancements in secure hardware, non-custodial delegation, and professional validator operations are driving institutions to embrace self-custody as a core infrastructure, signaling a significant shift in digital asset participation.
