At a now ongoing fintech conference in Singapore, the bank shared with the general public that they had considered the possibility of starting their own custody service. Put more simply, crypto wallets could open at their bank. The pilot program will be ready soon on Pyctor’s own platform with partners such as UBS, Citibank, and Invesco. In addition to legal compliance, they focus primarily on safety to eliminate all possible errors.
Pyctor has already carried out experiments in another field, they are issued tokens on Ethereum’s network, and a smart contract has concluded. And they were able to ascertain the viability of public blockchain.