Building (and Dismantling) On-Chain Custody: Lessons From Vast Bank's 2021 Crypto Play

In late 2021, Vast Bank, a regional bank operating throughout Northeast Oklahoma, launched a digital asset custody service for its customers. Helmed at the time by CEO Brad Scrivner, the bank allowed its customers to buy and sell digital assets right beside their traditional checking accounts. It was a bold move for a small bank, and it piqued the interest of the OCC, which subsequently led to the roll back of the service. In this fireside chat, hear from Scrivner, now the Tulsa Market President at First Fidelity Bank, about his time at Vast Bank deploying the custody solution, and what that experience taught him about integration, operational risk and the regulatory landscape as it relates to integrating crypto into TradFi.