Custodia Update

Custodia Bank’s Board of Directors voted Tuesday to further reduce operations and preserve capital in anticipation of major crypto policy reforms from the incoming administration in Washington, D.C. By taking this step ahead of the projected turn in U.S. crypto policy, Custodia preserves its bank charter, its API-based real-time payments and Bitcoin custody platforms, its patent on bank-issued stablecoins and its clean compliance and operating record.

“I’m incredibly proud of the Custodia team, the services we’re building for our customers, and our resilience in the face of repeated debankings due to no fault of our own,” said Caitlin Long, founder and CEO of Custodia Bank. “I especially thank Custodia’s customers and shareholders who have helped us continue the fight for durability of banking access for the law-abiding U.S. crypto industry.”

Oral argument in Custodia’s lawsuit against the Federal Reserve is scheduled for January 21, 2025.


Interested parties and potential customers can contact Custodia at [email protected]. Press can contact Custodia at [email protected].

About Custodia: Custodia Bank, Inc. is a Wyoming bank formed to serve as a compliant bridge to the U.S. dollar payments system and a custodian of digital assets that can meet the strictest level of institutional custody standards. Custodia is required to fully comply with all applicable laws and regulations, including the Bank Secrecy Act and federal “know your customer,” anti-money laundering and related laws and regulations. Custodia will also comply with Wyoming’s special purpose depository institution and digital asset laws, which include requirements that fiat deposits be 100% reserved and that Custodia meet the strictest investor protections in the digital asset industry. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

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