First Regulated U.S. Digital Assets Bank Cuts Workforce Again
The First Regulated U.S Digital Assets Custody Bank has again reduced its workforce by over 15%, according to a report from BitKE.
Anchorage, AK, October 2, 2026 — A digital assets custody bank, identified as the first regulated institution of its kind in the United States, has reportedly conducted another reduction in its workforce. The cuts amount to over 15% of its staff, according to information published by BitKE.
The exact name of the bank was not specified in the report from BitKE. This development marks a recurrence of workforce reductions for the institution. The previous timing and scale of any prior workforce changes were not detailed in the provided information, beyond stating that this is another reduction.
The precise number of employees affected by this latest reduction, nor the total employee count before or after the cuts, was not disclosed. Similarly, the specific reasons behind this workforce adjustment were not provided in the summary report. The report solely attributes the information regarding the layoff percentage to BitKE.
As the first regulated digital assets custody bank in the U.S., the institution operates within a specific regulatory framework. However, details regarding its operational status, client impact, or any official statements from the bank concerning the workforce reduction were not made available in the summary. The information remains limited to the percentage of workforce reduction and its source.
The digital asset industry has seen fluctuating market conditions and evolving regulatory landscapes, which can influence staffing levels at financial institutions operating in this sector. Further details regarding the bank’s operations and the context of these workforce changes would be necessary for a comprehensive understanding of the situation.
Key details not provided include:
- The specific name of the digital assets custody bank.
- The exact date or timeframe of this workforce reduction.
- The total number of employees impacted.
- The reasons for the reduction.
- Details on any previous workforce adjustments.
The report from BitKE serves as the sole source for the reported figure of over 15% staff reduction.
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