PANews reported on August 15 that according to Cointelegraph, Web3 infrastructure provider Fireblocks announced that it has obtained a cryptocurrency custody license from New York State and can hold cryptocurrencies for US customers. Fireblocks said in a statement: "As of this month, Fireblocks Trust Company, LLC has obtained a limited purpose trust company charter to engage in virtual currency business and will soon begin to provide US customers with cold custody solutions powered by Fireblocks technology."
Fireblocks joins a growing list of institutional crypto firms authorized by the New York Department of Financial Services to custody assets, including Coinbase Custody Trust, Fidelity Digital Asset Services and PayPal Digital, the department said.
