Standard Chartered · Abu Dhabi · Bitcoin · Ethereum · CryptoSlate
Banks are buying Bitcoin vaults, but a quantum problem may be waiting inside
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
The banks are finally buying the vaults.
Key facts
- NIST IR 8547 deprecates today's signature schemes after 2030 and disallows them after 2035
- Bitcoin is +0.97% over the past 24 hours and currently sits at rank # 1 by market cap
- In May, BNY, the world's largest custodian with $59.4 trillion in assets under custody and administration, announced it would offer Bitcoin and Ethereum custody in Abu Dhabi
- SLH-DSA also carries practical baggage of its own, since its signatures run 7,856 bytes, compared to 64 for today's standard, an awkward fit for high-volume transaction signing under any architecture
Summary
01 BNY will offer Bitcoin and Ethereum custody in Abu Dhabi, while Standard Chartered is buying Zodia Custody. 02 The shift matters because every ETF and treasury position depends on custodians, yet current systems may fail when post-quantum rules arrive. 03 The open question is whether banks can upgrade custody plumbing before blockchains change, or face rejected transactions and messy migrations. Once a back-office concern for crypto-native firms, custody has now become a strategic priority for the world's biggest banks.