# Minnesota-based banks and credit unions will soon be allowed to provide crypto custody services.

*fintech · news · 2026-05-19 · CoinGape*

## Key points

- Minnesota banks and credit unions can provide crypto custody services starting August 1 under new law.
- The law allows institutions to partner with third-party custodians without mixing customers’ assets with their own.
- A separate bill signed in May bans all digital asset kiosks and ATMs in Minnesota.
- Financial institutions must legally separate customer crypto funds from their institutional balance sheets.

**Companies:** U.S. Bancorp
**Countries:** United States

[Read the full story on CoinGape](https://coingape.com/crypto-regulation-minnesota-gov-signs-bill-to-allow-digital-asset-custody/)

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