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PNC Bank, Coinbase Announce Strategic Partnership to Advance Digital Asset Solutions and Expand Banking Services
PNC Coinbase Partnership introduces a major shift in digital banking access, combining PNC’s financial legacy with Coinbase’s Crypto-as-a-Service platform. This institutional crypto collaboration enables PNC clients to securely buy, sell, and hold digital assets through an innovative and trusted infrastructure.
This partnership brings together PNC’s legacy of client service and innovation with the institutional-grade infrastructure of Coinbase’s Crypto-as-a-Service (Caas) platform to power secure, scalable crypto access for PNC’s clients. 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,” said William S. Demchak, PNC chairman and chief executive officer. “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.”
Coinbase, the market leader in trusted digital asset infrastructure, brings its security-first approach and industry scale to the partnership.
Brett Tejpaul, head of Coinbase Institutional, said, “PNC is a market leader in delivering best-in-class products for their clients. 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.”
With the PNC Coinbase Partnership, both institutions signal a long-term commitment to digital finance, offering clients secure crypto solutions and financial innovation.
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EXCLUSIVE: “Game Changer” – Andy Lyons, Freemarket in ‘The Fintech Magazine’
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