Coinbase will custody digital assets for US Marshals Service

DOJ's US Marshals Service Chooses Coinbase to Custody Crypto Assets

The U.S. Marshals Service has selected Coinbase Prime to take custody of and transact its crypto assets, following a request for proposals.

What Does the US Marshals Service Gain from Partnering with Coinbase?

Coinbase Prime has landed a $32.5 million contract with the U.S. Marshals Service (USMS). The partnership mandates Coinbase Prime to custody and manage large-cap digital assets. This collaboration marks a critical step in utilizing blockchain technology for government asset management and reflects a strengthening trust in digital currencies’ viability and security. Coinbase Prime Secures Major Government Contract Coinbase Prime will offer advanc…

US Marshals partner with Coinbase to manage large cap crypto assets

The United States Marshals Service (USMS), part of the U.S. Department of Justice, has selected Coinbase Prime to handle its large cap cryptocurrency assets. These assets, known as “Class 1” cryptocurrencies, are managed by the USMS to support federal law enforcement. Coinbase Prime will provide both custody and advanced trading services for these assets. The selection followed a rigorous competitive process, which Coinbase won. In its press rel…

USMS awards Coinbase Prime a multi-million dollar contract

The United States Marshals Service picked Coinbase Prime to custody and provide trading services for certain crypto seized by the arm of the Department of Justice.  According to a blog post, Coinbase Prime will hold large-cap digital assets for the USMS.  “The USMS conducted a competitive due diligence process that evaluated a range of solutions, ultimately choosing Coinbase due to our strong track record and ability to securely provide institut…

Coinbase Prime chosen by US Marshals for crypto custody services

US Marshals selects Coinbase Prime for custody and trading of large-cap digital assets, citing security and institutional-grade services. The post Coinbase Prime chosen by US Marshals for crypto custody services appeared first on Crypto Briefing.

Coinbase will custody digital assets for US Marshals Service

The crypto exchange said the federal agency had selected its institutional investing arm “to provide custody and advanced trading services” for large-cap digital assets.