š°Breaking: $557B bank @PNCBank and @Coinbase have formed a strategic partnership.
The goal: broaden digital asset solutions and enhance banking services for PNCās clients, including institutional investors.
š What Each Party Brings
- PNC contributes its longstanding client-focused banking services and infrastructure.
- Coinbase offers its Crypto-as-a-Service (CaaS) institutional-grade platform, providing secure tools for crypto trading and custody
š Initial Service Rollout
- PNC customers will soon be able to buy, hold, and sell cryptocurrencies directly through PNCās banking interface, powered by Coinbaseās platform
š£ Quotes
William Demchak, PNC CEO:
āPartnering with Coinbase accelerates our ability to bring innovative, crypto financial solutions to our clientsā¦ We will also provide PNCās bestāināclass banking services to Coinbase.ā
Brett Tejpaul, Head of Coinbase Institutional:
āPNC is a market leaderā¦ Weāre thrilled to support their entry into the digital asset market with our leading Crypto as a Service platformā¦ā
š Why It Matters
This move is part of a growing trend where traditional banks collaborate with crypto platforms to integrate digital asset access into mainstream financial services.
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