Banks Navigate Compliance in Digital Asset Custody

The post Banks Navigate Compliance com. James Ding Nov 14, 2025 11: 38 Banks are integrating digital asset custody with new compliance frameworks, aligning with global standards like NIST CSF and DORA to secure assets effectively. Banks and financial institutions are increasingly incorporating digital assets into their operations, marking a significant shift in the financial landscape. This transition presents new challenges in terms of threat vectors and custody models, necessitating alignment with emerging supervisory standards. Global regulators are establishing frameworks to formalize best practices in digital asset management, although specifics on custody architecture remain underdeveloped, according to Fireblocks. Framework for Digital Asset Custody Fireblocks has introduced a custody technology framework designed to support regulated institutions by aligning their infrastructure with supervisory expectations and operational best practices. This framework focuses on key areas such as risk management, control enforcement, and governance, aiming to provide a secure and scalable model for digital asset custody. The framework is structured around four core domains: compliance-related controls, technical safeguards, transaction processing, and monitoring and resilience. It aligns with global regulatory expectations, including NIST CSF 2. 0, offering banks a model to operationalize custody governance effectively. Comparing Traditional and Digital Asset Compliance Regulators are extending traditional control expectations into blockchain environments, adapting them to reflect cryptographic infrastructure and real-time operational risks. Key distinctions between traditional and digital asset compliance frameworks include differences in custody models, governance, and risk controls, as well as technology risk expectations and third-party oversight. These adaptations highlight how banks must redefine risk management strategies to accommodate digital asset activities, positioning compliance as a critical operational component. Core Risk Management Domains As regulatory expectations evolve, institutions must embed controls across custody operations. Compliance-related controls must address traditional regulatory requirements and specific blockchain risks, including transaction monitoring, sanctions screening, and know-your-customer (KYC) processes. Technical.

BitMine Appoints New CEO and Three Board Members

The post BitMine Appoints New CEO and Three Board Members appeared com. On November 14, the world’s largest Ethereum Treasury firm, BitMine Immersion Technologies, announced new developments in its leadership to redefine its performance moving forward. According to the announcement shared during the latter hours of Friday, BitMine revealed it has appointed new management, as Chi Tsang takes over as CEO and will also join the Board of Directors. In addition to the appointment of a new CEO, BitMine revealed it has also appointed three new independent Board Members. Following this development, the newly appointed leaders are expected to work together to enhance the financial services, capital markets, investment banking, and technology capabilities of BitMine. BitMine moves to reinforce stance in Ethereum While BitMine has continued to gain prominence in the crypto ecosystem, especially with its title as the world’s largest Ethereum Treasury, Tom Lee, the chairman of the board, revealed that the move seeks to further establish its foothold in the Ethereum ecosystem. According to Tom Lee, the new members of the board have been carefully selected to provide a unique blend of experience, insight, and leadership across technology, DeFi, and financial services. Ultimately, this will help BitMine push further on its goal to hold 5% of Ethereum supply while bridging the gap between the traditional capital markets and the Ethereum ecosystem. You Might Also Like While this development appears to have opened a new era for BitMine, its new CEO, Chi Tsang, has acknowledged that BitMine is set to be a leader in the financial institution sector with its strong Ethereum holdings, and trust from both Wall Street and the crypto community. Following the new appointment, Jonathan Bates.