Big U.S. banks mull moves into crypto services, The Information reports

Some of the largest U.S. banks are evaluating moves into crypto services for big funds, investors and traders in order to take advantage of loosening regulations under the Trump administration, The Information’s Yueqi Yang reports, citing people familiar with the matter. State Street (STT) expects to unveil digital asset custody next year, while BNY (BK) already has a small custody operation for bitcoin (BTC) and ether (ETH) with plans to expand to more tokens. Additionally, Citi (C) has also been considering adding crypto custody services by developing them itself and partnering with external firms.