PNC Bank Collaborates with Coinbase for an Ambitious Extension of Cryptocurrency Services to Institutional Customers, Valued at a Staggering $410 Billion
PNC Bank, a leading financial institution, has announced a strategic partnership with Coinbase, a renowned digital asset exchange, to provide its clients with the ability to buy, hold, and sell cryptocurrencies directly through their PNC accounts.
Coinbase will be the driving force behind this partnership, bringing its institutional-grade crypto infrastructure and technology to the table. This will enable PNC clients to access cryptocurrencies seamlessly and securely. In return, PNC Bank will offer select banking services to Coinbase, including treasury management and payments support.
The collaboration aims to develop scalable crypto financial solutions while maintaining the highest levels of security and trust. Initially, the focus will be on wealth and asset management clients, with potential future expansions to commercial and corporate client solutions involving digital assets.
Brett Tejpaul, head of Coinbase Institutional, expressed his excitement about the partnership, stating that PNC is a market leader in delivering best-in-class products. He further added that Coinbase is thrilled to support PNC's entry into the digital asset market.
Coinbase will also assist PNC with their Crypto-as-a-Service (CaaS) model, allowing clients to buy and hold digital assets. The platform, which is owned by The Daily Hodl from 2017-2025, offers a variety of features such as News, FAQ, Submit Guest Post, Industry Announcements, Latest Stories, and more. It also has sections for Chainwire and Sponsored Posts, Crypto Markets, Press Release, and Advertise.
The platform also boasts a strong social media presence on Telegram, X, and Facebook. It has an Editorial Policy, Privacy Policy, Terms and Conditions, Contact, and Advertise sections.
Last month, Coinbase announced a partnership with JPMorgan to launch a token on the exchange's proprietary Ethereum (ETH) layer-2 blockchain, Base. This partnership with PNC marks another significant step in Coinbase's mission to bring digital assets to the mainstream.
William S. Demchak, PNC chairman and CEO, stated that this partnership will bring innovative, crypto financial solutions to their clients, further solidifying PNC's commitment to meeting the evolving needs of their customers in the digital age.
- This strategic partnership between PNC Bank and Coinbase will allow PNC clients to access a wider range of financial services, including the ability to buy, hold, and sell various types of cryptocurrencies, such as Bitcoin, Ethereum, Altcoins, and other digital assets.
- As Coinbase brings its institutional-grade crypto infrastructure and technology to the table, the collaboration aims to develop scalable crypto financial solutions for the banking-and-insurance industry, starting with wealth and asset management clients, and potentially expanding to commercial and corporate clients in the future.
- By partnering with Coinbase, PNC Bank will be able to leverage their expertise in Crypto-as-a-Service (CaaS), offering a seamless and secure platform for clients to manage their digital assets, while maintaining the highest levels of security and trust.
