Valliance Bank to offer crypto trading and custody through Bakkt

Valliance Bank, based in Oklahoma (USA) with $580 million in assets, announced that it would offer buying, selling and custody of digital assets. Technical support will be provided by the institutional Bakkt platform.

We’re pleased to be working with a leading provider of tailored financial solutions, @VallianceBank, to allow their bank customers to buy, sell and hold crypto in one seamless experience. Read more: https://t.co/PkUGVWNivT pic.twitter.com/VWkGFyFzYV

— Bakkt (@Bakkt) February 14, 2022

Clients will gain access to Bitcoin and Ethereum through a mobile app using the Bakkt® Crypto Connect solution. The service is expected to launch in the second quarter.

Alongside Valliance Bank, other Bakkt partner banks will offer a similar service, though their names are not disclosed.

“Many are still on the sidelines, not knowing where to start. They are interested in an easy entry point through relationships they already trust.”, said Shila Zemlin, the platform’s Chief Revenue Officer.

Earlier, in November 2021, Bakkt announced the integration of Ethereum into its services.

In March, the platform launched a mobile app, allowing users to store, buy and sell Bitcoin. The digital wallet is available on iOS and Android.

Earlier, the digital asset management company NYDIG and technology giant NCR announced the integration of access to cryptocurrencies for 650 American banks.

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