The Federal Deposit Insurance Corporation, Federal Reserve Board and Office of the Comptroller of the Currency issued a joint statement highlighting risk-management considerations for banks that hold crypto-assets on customers’ behalf through crypto-asset safekeeping services. The statement draws on existing risk-management principles and reminds banks that provide, or are considering providing, crypto-asset safekeeping that activities must be conducted in a safe and sound manner and in compliance with applicable laws and regulations. It does not create new supervisory expectations. The agencies indicated they continue to explore ways to provide additional clarity on banks’ engagement in crypto-asset-related activities.
Office of the Comptroller of the Currency 2025-07-14
Federal Deposit Insurance Corporation, Federal Reserve Board and Office of the Comptroller of the Currency issue joint statement on risk management for banks’ crypto-asset safekeeping
The Federal Deposit Insurance Corporation, Federal Reserve Board, and Office of the Comptroller of the Currency issued a joint statement on risk management for banks offering crypto-asset safekeeping services. It emphasizes adherence to existing risk-management principles and compliance with applicable laws, without introducing new supervisory expectations. The agencies are exploring further guidance on banks' involvement in crypto-asset activities.