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INSTITUTIONAL | ‘Our Crypto Custody Asset Service is Going to Evolve into Other Services,’ Reveals ABSA Bank Kenya Director

INSTITUTIONAL | ‘Our Crypto Custody Asset Service is Going to Evolve into Other Services,’ Reveals ABSA Bank Kenya Director

Photo: Pixabay (illustration)

The Director of Global Markets at ABSA Bank Kenya, Wambere Mambo, has revealed that the bank is looking offering subsidiary services that come with digital assets custody. Speaking about the banks latest digital asset custody, Mambo said the bank envisions many other services that can emerge from custody of digital assets. “When you have a custody asset that has a digital format, it is going to evolve into other services be it trading, be it lending. We utilize some of those securities to be able to give funding and it will also bring up treasury solutions.

Source: BitKE

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