Its wonderful!
This is a very great because I think that when a bank the size of US Bancorp gets involved at something like this, it isnt just because they are looking for immediate profit, but because they are recognize the competitive pressure and institutional demand... this end becoming a domino effect that will certainly be adopted by others banks that were still reluctant to enter on crypto with full force.

And I think it goes further... I see the emergence of pension funds, insurance companies and other large asset managers entering to this crypto market... in the next phase I see banks offering not only custody but also crypto native financial products like on-chain lending, integration with stablecoins and others.

I only see an one problem... the concentration of power, because if more and more crypto is held in custody by large banks, the principle of self custody that Satoshi so championed will be increasingly lost.