Manasquan, a New Jersey-based partner community bank with $2.7 billion in consolidated assets, announced that it has partnered with Bakkt Holding to provide cryptocurrency trading and storage services to its customers.
digital asset platform Bakkt, on December 21 Manasquan Bank, which provides customers with cryptocurrency trading and storage services, said in a press release. “early adoption program”announced his participation.
To its individual customers in partnership with Manasquan Bank, bank mobile app over Cryptocurrency trading and storage will provide the service. The bank offers its customers known and trusted in the digital banking environment simple and accessible will be able to offer access to cryptocurrencies. In this way, the bank’s reach new customer base will be provided.
Bakkt Revenue Manager Sheela Zemlin about the realized partnership;
This will provide a great opportunity for Manasquan Bank customers to adapt to cryptocurrencies as a distinct digital asset. Cryptocurrencies enable investors to create new value and trade with digital assets. Web3 It is clear that it is the center of the economy.
made statements.
President and CEO of Manasquan Bank James Varraco in his statement;
We are focused on increasing our growth and providing new opportunities for our customers to participate in the digital economy.
said.
Bakkt’s early adoption program in the first quarter of 2022 expected to start. For Manasquan to still participate in the program, the bank’s primary financial services provider must adopt the program.