Absa just became the first African bank to get regulatory approval for institutional digital asset custody.
This is how adoption actually happens:
1. Corporates and asset managers start demanding crypto custody
2. Banks realize they either offer it or lose clients
3. Someone goes first and breaks the ice
Absa called the bluff. South African regulators signed off.
Every major bank will eventually offer custody - not because they love crypto, but because their clients do. The question was never if, just who moves first.
Africa making moves while Western banks still playing cautious. Institutional rails being built in real time.
This is how adoption actually happens:
1. Corporates and asset managers start demanding crypto custody
2. Banks realize they either offer it or lose clients
3. Someone goes first and breaks the ice
Absa called the bluff. South African regulators signed off.
Every major bank will eventually offer custody - not because they love crypto, but because their clients do. The question was never if, just who moves first.
Africa making moves while Western banks still playing cautious. Institutional rails being built in real time.