Absa Group launches Africa's first bank-run digital asset custody service
- —Absa offers storage, management and transfer of digital assets to institutional clients
- —Supported assets are BTC, XRP, ETH and USDC, with more to be added
- —Custody assets of South Africa's three largest operators rose from under 10bn to 25.3bn rand ($1.5bn)
Why it matters: The first bank-run custodian in Africa opens institutional crypto access in the region and could set a precedent for other banks on the continent.
Source: Bloomingbit
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