Standard Custody New York Trust Charter
Standard Custody’s New York limited purpose trust charter, from the NYDFS register.
- Legal name (NYDFS)
- Standard Custody & Trust Company, LLC
- Approval
- Limited purpose trust company
- Approved (as published)
- May 4, 2021
- Status
- Active
- Approved activities
- digital asset custody and related services
Standard Custody & Trust Company, LLC is chartered by the New York State Department of Financial Services (NYDFS) as a limited purpose trust company under the New York Banking Law, approved on May 4, 2021.
What NYDFS approved. Digital asset custody and related services.
Questions
Is Standard Custody a New York trust company?
Yes. NYDFS lists Standard Custody & Trust Company, LLC as a limited purpose trust company, granted May 4, 2021.
What can a New York trust company do?
A limited purpose trust company chartered by NYDFS can act as a fiduciary, for example as a custodian of digital assets, under New York Banking Law supervision.
Browse all firms in the NYDFS BitLicense list.
- Brand
- Standard Custody (Ripple)
- Approved
- NYDFS announcement
- dfs.ny.gov
- Company website
- standardcustody.com
- NYDFS register
- dfs.ny.gov
- Sources
Source Link NYDFS register of virtual currency businesses https://www.dfs.ny.gov/virtual_currency_businesses Approved activities; PR dated May 4, 2021 https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202105041
Source: the NYDFS list of regulated virtual currency businesses and NYDFS announcements, linked on each record. NY Presswire is not affiliated with NYDFS; the NYDFS register is the official record.