PNC Bank Joins the Crypto Revolution: Now Facilitating Client Crypto Trades
Wall Street's old guard just got a blockchain facelift.
PNC—the $550B asset US banking giant—is diving headfirst into crypto, announcing plans to enable digital asset trading for its institutional clients. No more outsourcing to fintech upstarts.
The custody question
While details remain scarce, insiders confirm PNC will leverage existing infrastructure to custody assets—a tacit endorsement of crypto's staying power from a 160-year-old institution.
Regulatory tightrope
The move comes as the SEC quietly greenlights more bank-backed crypto services—provided they don't actually call it 'investing' (wink).
Another brick in the wall of institutional adoption... or just another bank chasing 20-something wealth managers? Either way, the suits are playing catch-up.
