Spanish wholesale custodian Secabank, which reported property beneath administration (AUM) of greater than 400 billion euros beginning in 2026, revealed earlier immediately that it has launched a cryptocurrency custodian service. This service was made attainable by means of our partnership with Bit2Me crypto alternate.
With this launch, Cecabank joins the rising checklist of European conventional custodian banks which were actively pushing to develop their companies to crypto prospects by means of the EU’s Marketplace for Cryptocurrency (MiCA) framework, after receiving the MiCA license from Spain’s CNMV in 2025.
The Madrid-based firm can also be registered with the European Securities and Markets Authority (ESMA).
of Transfer progressed with Bit2Meis a Spanish cryptocurrency platform with over $280 million in every day spot buying and selling quantity per CoinMarketCap as a associate and first shopper.
Cecabank begins storing cryptocurrencies whereas it’s sizzling
Cecabank doesn’t instantly serve the common person. Moderately, it really works like this: Spine of over 100 monetary establishments It’s utilized by customers to offer fee, storage, and custody companies in additional than 70 worldwide markets.
Regardless of its first-mover benefit, Cecabank will not be essentially a primary mover. In 2025-2026, US banks made strikes to enter the crypto market after US regulators allowed entry.
In July 2025, the Workplace of the Comptroller of the Foreign money (OCC), the Federal Reserve System, and the Federal Deposit Insurance coverage Company (FDIC) collectively confirmed that nationwide banks can supply crypto custody. A non-negotiable situation is sustaining an acceptable danger administration and compliance program.
Since then, you solely need to look within the pudding to see the proof. Information shared by Bitcoin monetary companies firm River discovered that 60% of the highest 25 U.S. banks have launched or introduced plans for Bitcoin-related merchandise equivalent to custody, buying and selling, and crypto-backed lending.
Shamir Khaliq, Citi’s head of securities companies, stated the launch of the crypto custody platform is at a “mission important” stage. Three of the opposite 4 largest U.S. banks by property (JPMorgan Chase and Wells Fargo, with mixed property beneath administration of greater than $7.3 trillion) are additionally transferring towards crypto companies.
State-level regulators are additionally performing in response to public demand. In Might 2026, Minnesota Governor Tim Walz signed a invoice authorizing state-chartered banks and credit score unions to carry Bitcoin and different digital property for his or her prospects as cryptopolitans beginning in August 2026. beforehand reported.
The invoice was prompted by St. Cloud Monetary Credit score Union, which informed Minnesota lawmakers that about 20% of its members who already personal cryptocurrencies don’t have regulated native storage choices.
MiCA guidelines gave European gamers a head begin
The EU’s MiCA digital asset regulation, which took full impact in late 2024, allowed native corporations like Cecabank to ascertain themselves early on, at a time when U.S. banks have been nonetheless groping at the hours of darkness.
Notably, Sekabank is on a path of growth each institutionally and geographically. The financial institution framed its cryptocurrency custody capabilities as a logical extension of its present enterprise, constructing on the rails its institutional prospects are already accustomed to.
He additionally opened a brand new workplace in Luxembourg and joined the Board of Administrators of the Affiliation of Banks of Luxembourg (ABBL), the place he at the moment chairs the Deposit Cluster.
Nevertheless, cryptocurrency custody lanes are beginning to really feel crowded. Commonplace Chartered proclaims deal to accumulate digital asset administration firm Zodia Custody, Citi is constructing its personal platform and US group banks works with fintech companions like NYDIG to supply Bitcoin by means of its present cell app.
For Cecabank, the query is whether or not its B2B mannequin, early MiCA license and up to date foothold in one among Europe’s largest fund domiciles will give it an enduring benefit as bigger world custodians enter the competitors.
