Capital Union – a bank from the Bahamas remoured to have a sum of reserves by the Tether (USDT) stablecoin issuer – has reportedly been adopting a proactive stance towards crypto. 

Specifically, the banking establishments has reportedly introduced crypto trading and custody offerings looking to cater to its professional customers, as included within the scope of its trading desk, as revealed by a Capital Union representative. 

“We work with a few selected trading venues and liquidity providers and a handful of custodians and technology providers, which allows us to support a large variety of digital assets as part of our trading and custody services”. 

Capital Union’s offerings associated with crypto reportedly still represent a “fairly small portion” of its business, which is primarily concentrating on offering traditional wealth management and investment services. 

“We do not have a directional view on crypto markets or on any specific coins but as a forward looking financial institution have chosen to enable our professional clients to trade in this new asset class should they desire to do so.”

Per the spokesperson, Capital Union has reportedly been putting in extensive efforts in building “transactional blockchain related capabilities”, to assist its own expectations for the area to have “significant disruption for the financial industry.”

Capital Union’s most recent crypto-associated comments were generated after a report was issued on May 30th, stating that Tether held some of its reserves at the Capital Union bank.

The firm’s spokesperson shared no confirmation or denial of the bank’s involvement in Tether’s operations, citing confidentiality reasons. The only publicly available information from the bank is included in Capital Union’s annual reports, the person added.