Absa Becomes Africa’s First Bank to Offer Bitcoin Custody Services

Absa becomes Africa’s first bank to offer Bitcoin custody services

Absa has become Africa’s first bank to offer Bitcoin custody, with BTC making up the largest share of assets held through its institutional service. Bloomberg reported on Oct. 2 that the Johannesburg-based lender is providing digital asset custody to institutional…

Absa Wins Approval to Launch Institutional Digital Asset Custody in Africa

TL;DR: Absa bank obtained authorization from South African regulators to provide custody, administration, and transfer services for digital assets to corporate clients. The initial infrastructure supports four assets: Bitcoin (BTC), Ethereum (ETH), XRP Ledger (XRP), and the stablecoin USD Coin (USDC). According to data from the South African Reserve Bank (SARB), digital asset holdings under ...

Absa Becomes First African Bank To Custody Bitcoin

South African bank Absa has become the first African lender to custody bitcoin, according to reports.

Absa Gains South African Approval for Digital-Asset Custody

Absa, one of South Africa's largest banking groups, has received regulatory approval to provide digital-asset custody services, marking a notable development for institutional access to crypto infrastructure in the country, according to reports of the approval.Read more...