Gemmer isn’t trying to compete with the giants of the industry or conquer the world. Instead, they’re focused on working with advisors just like them.
Musk’s varying public opinions on Bitcoin are widely believed to have contributed to some of the digital asset’s dramatic price swings in 2021.
The ABA is nudging member banks toward using crypto assets in various client contexts ranging from pure deposit accounts and lending to insurance.
A growing number of major investment banks have started offering crypto to clients or are deep in the process, including all the majors.