ABSA just became the first African bank to offer institutional crypto custody

Johannesburg-based lender rolling out Digital Asset Custody for South African institutions — asset managers, corporates, non-bank financial players

What they're holding:
$BTC (dominant asset rn)
$ETH
$XRP
$USDC

More assets coming as demand picks up

This is huge for African institutional flow — regulated banking rails for digital assets finally landing on the continent

Rob Downes (Head of Digital Assets, ABSA CIB) confirms Bitcoin leading custody volume

Africa's TradFi bridge to crypto is officially live