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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. ....
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. ....