Trust Banking

Definition ∞ Trust banking involves financial institutions providing services related to the management, administration, and preservation of assets held in trust for beneficiaries. This includes acting as a trustee, executor, or custodian for various types of assets, often spanning generations. Trust banks offer fiduciary services, ensuring assets are managed according to specific legal agreements and the best interests of the beneficiaries. They provide a secure framework for asset stewardship.
Context ∞ Trust banking is increasingly relevant in crypto news as traditional financial institutions adapt to digital assets. These banks are beginning to offer custody and management services for cryptocurrencies and other digital assets. Discussions often revolve around the regulatory clarity required for trust banks to securely hold and administer these novel asset classes. Their involvement could significantly boost institutional adoption of digital assets.