Michael Saylor urges banks to offer bitcoin cus...

Michael Saylor has urged banks to offer bitcoin custody services, according to a report originally published by Pluang. The call points to a larger role for traditional financial institutions in handling digital assets for customers.

Bitcoin custody refers to the safekeeping and management of the cryptographic keys needed to control bitcoin. Banks that provide custody can hold those keys directly or arrange secure systems for clients, rather than requiring customers to manage wallets and recovery information on their own.

The issue is important because custody is a central consideration for institutions and other users seeking exposure to bitcoin. Traditional banks are generally associated with established compliance, security and client-service frameworks, while bitcoin users have also long relied on specialist digital-asset custodians and self-custody methods.

Saylor is widely known as a prominent bitcoin advocate. His comments add to ongoing discussion about whether banks should expand their digital-asset offerings as bitcoin becomes more integrated into conversations across finance, investment and payments. The report did not provide further details in the available material about specific banks, products or a timeline.