Bitcoin News
By Sydney TheCMO
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St. Cloud Financial Already in the Race. Even before the law was signed, one institution had taken the lead. St.
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The R-Path Plan and What's Next. St. Cloud Financial doesn't stop at simple custody. Their long-term plan, called R-Path©, aims…
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Minnesota has made a decision. Tim Walz signed the HF 3709 bill, allowing state-chartered banks and credit unions to offer cryptocurrency custody services to their clients.
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The law takes effect on August 1, 2026. In practical terms, this means that institutions chartered by Minnesota can hold virtual currencies and their associated cryptographic…
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Strict separation of assets. The law clearly requires it.
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Clients' digital assets must remain separate from the institution's own holdings. This is a standard rule in traditional custody—securities, precious metals, deposited funds—and…
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Even before the law was signed, one institution had taken the lead. St. Cloud Financial Credit Union launched its CU-Digital Asset Vault in March—the first credit union in…
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The system is based on Coin2Core©, an infrastructure product designed by DaLand CUSO. DaLand CUSO is a technology cooperative owned by credit unions themselves.
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Chase Larson, an executive at St. Cloud Financial, sees this legislation as a national trend.
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Related: Minnesota Opens Crypto Custody to Banks and Credit Unions from August 2026
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St. Cloud Financial doesn't stop at simple custody. Their long-term plan, called R-Path©, aims much broader: blockchain-based payments, real-time settlement, stablecoin…
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See also: Zcash Jumps 88% in a Month While the Rest of Crypto Sits Flat
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Coin2Core© is precisely designed for this—to integrate community financial institutions into emerging digital payment and settlement networks.
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For institutions that want to be ready by August 1, the timeline is tight. They must submit their notice to the Commissioner of Commerce by June 2. Roughly two weeks.
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Interest in the sector is real. Discussions are focusing on how to adopt these services responsibly and strategically—not if, but how.
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