CandleFocus Britannia buys operations of fellow Tether bank Deltec
2024-09-27
Author: Content Editor
Deltec Bank and Trust, which has been a significant player in the crypto ecosystem by providing services to Tether and other cryptocurrency entities, has reportedly sold its business lines to Britannia Bank and Trust. In an interview, Britannia's chairman stated that they are only acquiring Deltec Bank's business lines and not the bank itself. The move is expected to ensure the continuation of high-quality services, technology, and global market access. Tether has been banking with both Deltec and Britannia, with the latter also having connections to major Conservative donors in the UK. The decision to sell the business lines is not yet fully understood, but it aims to preserve the entity of Deltec Bank and Trust.
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