Tags: Custodian

(Bradley D. Saum/Shutterstock)

A regulatory filing shows the shuttered bank as one of three custodians for Pantera’s funds.

"Just because a crypto trading platform claims to be a qualified custodian doesn’t mean that it is," the SEC chair said.

Binance rebranded its custody arm to Ceffu earlier this month.

As long as crypto platforms and lenders aren’t registered as exchanges or banks, they wouldn’t qualify as custodians in latest SEC limits proposed for registered investment advisers.

Hammond, chair of custody company Copper, said the U.K. is falling behind neighboring countries and needs to accept "measured risk."