PNC Bank entered a strategic partnership with Coinbase aimed at expanding access to trusted, secure and innovative digital asset solutions to PNC’s banking clients and institutional investors. PNC will also provide select banking services to Coinbase. PNC and Coinbase will work together to develop an initial offering that will allow clients to buy, hold and sell cryptocurrencies.
“Partnering with Coinbase accelerates our ability to bring innovative, crypto financial solutions to our clients,” William S. Demchak, chairman and CEO of PNC, said. “We will also provide PNC’s best-in-class banking services to Coinbase. This collaboration enables us to meet growing demand for secure and streamlined access to digital assets on PNC’s trusted platform.”
“PNC is a market leader in delivering best-in-class products for their clients,” Brett Tejpaul, head of Coinbase Institutional, said. “We’re thrilled to support their entry into the digital asset market with our leading crypto as a service platform, which provides PNC with a powerful set of tools to develop a scalable, high-growth business, built on a foundation of uncompromising security.”
