Crypto Custodians Face Uncertain Path Into US Derivatives Settlements
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Crypto trust firms are seeking a larger role in US derivatives settlements as regulatory and political uncertainty clouds their prospects.
Crypto custodians are expanding into US derivatives settlement, a market where billions of dollars in transactions can be processed each day.
Their push could place specialized digital asset trust companies in closer competition with banks and other established institutions that traditionally handle settlement services.
Recent regulatory relief may create opportunities for crypto-focused firms, but questions remain over how durable those openings will be.
Changes in congressional control could also influence future rules, leaving the long-term role of crypto trust firms in derivatives settlements uncertain.
Source: Cointelegraph
