{"id":64625,"date":"2022-07-20T10:16:47","date_gmt":"2022-07-20T07:16:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64625"},"modified":"2025-09-06T15:27:51","modified_gmt":"2025-09-06T12:27:51","slug":"bnp-paribas-to-launch-custody-service-for-digital-currencies-reports-say","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bnp-paribas-to-launch-custody-service-for-digital-currencies-reports-say\/","title":{"rendered":"BNP Paribas to launch custody service for digital currencies, reports say."},"content":{"rendered":"<p>The French financial conglomerate BNP Paribas will launch a digital asset custody service. <a href=\\\"https:\/\/www.coindesk.com\/business\/2022\/07\/19\/french-banking-giant-bnp-paribas-enters-crypto-custody-space-sources\/\\\">CoinDesk<\/a> reports, citing its own sources.<\/p>\n<p>\\n\\n<\/p>\n<p>The bank&#8217;s partner will be the institutional-investor-focused Swiss custodian Metaco. In June, Citigroup <a href=\"https:\/\/forklog.com\/en\/news\/citigroup-to-launch-custodial-platform-for-digital-currencies\">announced<\/a> that, in partnership with the firm, it will implement a pilot project for a platform to store and manage digital currencies.<\/p>\n<p>\\n\\n<\/p>\n<p>Metaco is also a partner in similar initiatives of banks Societe Generale, BBVA, DBS and <a href=\"https:\/\/forklog.com\/en\/news\/philippines-largest-bank-to-offer-crypto-trading-and-custody\">UnionBank Philippines<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>In most cases, institutions focus on operations with security tokens, such as digitised shares and other financial instruments, with less emphasis on cryptocurrencies per se.<\/p>\n<p>\\n\\n<\/p>\n<p>According to Metaco CEO Adrien Treccani, this strategy has become a popular trend among French banks.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier, in 2020, the British banking giant Standard Chartered invested in a custodian.<\/p>\n<p>\\n\\n<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The French financial conglomerate BNP Paribas will launch a digital asset custody service, CoinDesk reports citing its own sources.<\/p>\n","protected":false},"author":1,"featured_media":64626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2311,1156],"class_list":["post-64625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bnp-paribas","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=64625"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64625\/revisions"}],"predecessor-version":[{"id":64627,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64625\/revisions\/64627"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/64626"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=64625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=64625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=64625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}