Offline private-key storage company Ledger is partnering with crypto custodian Etana Custody to offer secure, regulated cryptocurrency custody for institutional clients in the U.S. The arrangement will allow customers to access the more than 1,800 tokens supported by Ledger, broadening their crypto investment options without having to maintain their own private keys, while segregating clients' funds and reducing counterparty risks. Etana is able to act as a settlement party to the counterparties in a given transaction, enabling them to trade digital assets without putting their money up to one another directly, eliminating the risk of deals falling through. The deal aims to make it easier for institutions to hold digital assets and bolster investor confidence in the market.

(By Elizabeth Napolitano)