Crypto exchange Coinbase said Tuesday it’s working with PNC Bank, the fifth-largest commercial bank in the U.S. by assets, on a crypto project.
“In recent months, we have formed partnerships with industry leaders including [Tesla CEO] Elon Musk, PNC Bank, SpaceX, Tesla, Third Point LLC and WisdomTree Investments,” a letter from PNC to its shareholders read. When asked about the partnership by CoinDesk, Coinbase declined to elaborate.
A source had previously told CoinDesk that PNC Bank is expected to unveil a crypto jawn in the coming quarters.
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