Absa becomes first bank on the African continent to offer digital asset custody services

According to Foresight News, according to Bloomberg, Absa has become the first bank on the African continent to provide digital asset custody services, providing secure custody, management and transfer services of digital assets to its South African asset institutional clients (including asset management companies, non-bank financial institutions and enterprises). The bank has received approval from South African regulators to offer custody services that currently support Bitcoin, Ethereum, XRP and USDC. Absa hopes to expand its services to support more assets.