Nebraska grants approval for Telcoin to open the first-ever regulated digital asset bank in the U.S.

Gov. Jim Pillen and the Nebraska Department of Banking and Finance gave final approval Nov. 12 to the final charter for the launch of Telcoin Digital Asset Bank in Norfolk. As a result, Telcoin will manage the first regulated digital asset depository in the United States, with leadership expecting operations to begin in December.

State experts said the burgeoning market of digital assets means more economic opportunities for entrepreneurs and developers of fintech and crypto in Nebraska. It also means more considerations for businesses, banks and policymakers to look into for protecting custom...