Live Breaking News & Updates on அலை நிதி குழு

Stay updated with breaking news from அலை நிதி குழு. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Protego Trust Bank N.A. Gets Conditional Approval for OCC Charter


Press release content from Business Wire. The AP news staff was not involved in its creation.
Protego Trust Bank N.A. Gets Conditional Approval for OCC Charter
February 5, 2021 GMT
SEATTLE (BUSINESS WIRE) Feb 5, 2021
Protego Trust Bank N.A. ( protegotrust.com ), a new kind of bank designed and built specifically for institutional clients seeking opportunities within the world of digital assets, announced today that it has received conditional approval from the Office of the Comptroller of the Currency. The new federal charter will allow Protego to convert from a Washington State chartered trust company into a nationally chartered trust bank and will enable Protego clients nationwide to hold, trade, lend and issue digital assets. ....

State Of Washington , United States , Maggie Squires , Chris Hunter , Greg Gilman , Jonathan Silverman , Doug Mehne , Morgan Stanley , Protego Trust Bank , Us Navy , Protego Trust Company , Goldman Sachs , Science Inc , Cybersecurity Division , Washington State Department Of Financial Institutions , Office Of The Comptroller , Protego Head Of Business Development , Wave Financial Group , Washington State , Chief Operating , Chief Information , Data Governance Officer , Border Management , Execution Management , Chief Strategy , Business Development ,

Inside This Fund Manager's Bet on Kentucky Whiskey as a Crypto Asset


By
Jack Denton
Order Reprints
Text size
Bourbon, by U.S. law, must be aged in new oak barrels. The maturation is also how whiskey increases in value.
Agence France-Presse/Getty Images
The fund managers at Wave Financial Group considered different options when they were looking for an investment they could turn into a digital asset. Fine art, wine, and racehorses all lost out to America’s humble native spirit: Kentucky whiskey $2.5 million worth of it.
The group’s Kentucky Whiskey 2020 Digital Fund purchased 2,500 barrels of new whiskey in 2020, betting that the barrels will increase in value by three to five times in the course of the five years they spend stored in a warehouse in Kentucky. The group initially had a higher target of 25,000 barrels. ....

United States , America Merrill Lynch , Benjamin Tsai , Digital Fund , Wave Financial Group , Getty Images , Kentucky Whiskey , Wave Financial , California Based Wave Financial , Wilderness Trail Distillery , Rare Whiskey Remains World , Best Performing Luxury , Wilderness Trail , Food Beverages , Alcoholic Beverages Drinks , Beverages Drinks , Banking Credit , Consumer Goods , Financial Services , Financial Technology , Virtual Currencies Cryptocurrencies , Money Currency Markets , Foreign Exchange Markets , Commodity Financial Market News , Cryptocurrency Markets , Content Types ,