FAQs

What is Protego's view of regulation of cryptocurrencies?

Protego Trust Bank has, since its inception, sought regulation at the highest level available. We believe that a nationally chartered bank provides the appropriate regulatory framework and oversight to enable the broadest segment of institutional clients to engage with digital assets.

Does Protego trade against its clients?

No. Protego Trust Bank is an agency-only fiduciary Trust Bank. We do not trade on our own account so are never a counterparty to any client transaction.

Does Protego hold crypto on its balance sheet?

No. We have avoided any conflicts of interest by having no exposure to crypto-assets in our own corporate treasury.

Who is behind Protego?

The Protego Trust Bank team is a group of experienced professionals from TradFi, CeFi, and DeFi, including experts in Risk & Risk Management, Cyber and Information Security, Banking & Crypto Operations, Compliance, Trading and Audit. Please visit our LinkedIn Page for more information.

Why has it taken more than a year to launch since you received your conditional approval from the OCC?

Protego Trust Bank has spent the last five years working with both state and federal regulators, and building the necessary digital asset custody, trading, lending and core banking systems to enable the bank to operate in a safe and sound manner and meet the extraordinarily high standards of the most demanding institutional clients in the world. We chose to get it done right rather than done quickly.

How does Protego protect its client’s funds?

We have developed an innovative custody solution that keeps private keys offline at all times. Client funds are also immediately accessible when needed, unlike traditional cold storage. Learn more about our custody solution here.

How can my organization partner with Protego?