Absa Group, a South African bank, said it has become the first bank on the African continent to offer digital asset custody services. The move is aimed at entering a market valued at about $1.5 billion. The update was carried by Techub News, citing Bloomberg Crypto. No additional rollout details were disclosed in the brief. The announcement positions Absa as an early bank entrant in Africa’s digital asset custody segment, based on the information provided.
Absa Group of South Africa said it has become the first bank on the African continent to offer digital asset custody services.
The bank said the move is intended to enter a market valued at about $1.5 billion, according to Techub News, which cited Bloomberg Crypto.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
