Bloomberg: After five years of research on encryption assets, US Bancorp plans to increase its layout.

On May 16, Bloomberg reported that Fifth Third Bancorp., headquartered in Nashville, Tennessee, began partnerships with crypto companies about five years ago, but did not make significant investments until the regulatory environment became clearer. According to the bank’s head of strategy, the time has now come. Ben Hoffman, chief strategy officer at 53 Bank, said the bank is considering how to further expand its crypto business after building a small group of crypto customers who use the bank’s deposit accounts and payment capabilities. These customers use the bank’s services to handle operational matters such as payroll, revenue receipt, and more. It is reported that the predecessor of the 53 Bank of the United States can be traced back to the Bank of the Ohio Valley, which was founded in 1858 in the Ohio Valley of Cincinnatina, Ohio. In 1871, the Ohio Valley Bank was acquired by the Third National Bank of the United States, and at the beginning of the last century, the Third National Bank merged with the Fifth National Bank, and the merged bank was renamed Fifth Third Bank.