{"id":72729,"date":"2026-05-19T06:38:45","date_gmt":"2026-05-19T06:38:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/brazils-banking-giant-bradesco-enters-the-crypto-custody-race\/"},"modified":"2026-05-19T06:38:45","modified_gmt":"2026-05-19T06:38:45","slug":"brazils-banking-giant-bradesco-enters-the-crypto-custody-race","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/brazils-banking-giant-bradesco-enters-the-crypto-custody-race\/","title":{"rendered":"Brazil&#8217;s Banking Giant Bradesco Enters the Crypto Custody Race"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Reversing its 2022 stance, Bradesco will next launch a crypto custody service to boost adoption.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">To legitimize the market, Renata Petrovic said the 5,300-branch bank will next offer full crypto custody.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">As part of two internal pilots, Bradesco tested stablecoins to improve foreign trade markets.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Bradesco Announces Future Launch of <span>Cryptocurrency<\/span> Custody Services<\/h2>\n<p>Traditional financial institutions are rushing to provide digital asset-based financial services, seeking to keep up with new technologies and retain their customers.<\/p>\n<p>Bradesco, the second-largest bank in Brazil with over 5,300 branches, <a href=\"https:\/\/portaldobitcoin.uol.com.br\/bradesco-se-prepara-para-fazer-custodia-de-criptomoedas-e-stablecoins\/\" target=\"_blank\" rel=\"noopener noreferrer\">announced<\/a> last week that it will enter the <span>cryptocurrency<\/span> custody business, enlisting an undisclosed partner.<\/p>\n<p><\/p>\n<p>Renata Petrovic, head of innovation at the bank, revealed that the bank had internally created a structure focused on digital assets and that these custody solutions would be provided for the entire <span>cryptocurrency<\/span> spectrum.<\/p>\n<p><strong>\u201cWe are preparing to have a digital asset custody business; we already have a partner who will work with us, providing comprehensive custody for all assets, including tokens, <span>crypto<\/span>, and <span>stablecoins<\/span>,\u201d<\/strong> Petrovic stated.<\/p>\n<p>Explaining the slow pace of adoption of these new technologies at Bradesco, Petrovic stated that the bank had waited until the regulation was in place before entering the <span>crypto<\/span> business. <strong>\u201cWe didn\u2019t get ahead of ourselves, but we also didn\u2019t fall behind. We\u2019ve been preparing for this moment of entering the market for a long time,\u201d<\/strong> she stressed.<\/p>\n<p>While Bradesco had not publicly revealed its <span>crypto<\/span> initiatives, it had been running two pilots implementing <span>blockchain<\/span> solutions, including a know-your-customer (KYC) project that tokenizes user credentials to facilitate KYC procedures for online purchases. Another initiative implemented the use of <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> for foreign trade transactions, resulting in efficiency gains.<\/p>\n<p>Bradesco\u2019s announcement comes after the bank previously rejected interest in <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> in 2022. At that time, Bradesco CEO Octavio de Lazari Junior stated that <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrencies<\/a> were <strong>\u201cinvestments that are not tangible and are riskier, with people knowing about the risk they are taking and may want,\u201d<\/strong> assessing that the digital assets market was <strong>\u201cvery small.\u201d <\/strong>Nonetheless, it <a href=\"https:\/\/news.bitcoin.com\/central-bank-of-brazil-reveals-new-use-cases-to-be-tested-in-its-drex-cbdc-second-pilot-phase\/\">participated<\/a> in the pilot phase of drex, Brazil\u2019s central bank digital currency ( <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-central-bank-digital-currencies\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">CBDC<\/a>).<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/brazils-banking-giant-bradesco-enters-the-crypto-custody-race\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Reversing its 2022 stance, Bradesco will next launch a crypto custody service to boost adoption. To legitimize the market, Renata Petrovic said the 5,300-branch bank will next offer full crypto custody. As part of two internal pilots, Bradesco tested stablecoins to improve foreign trade markets. Bradesco [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":72730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72729"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72729"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72730"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}