FACEBOOK CHOOSES COINBASE AS ITS CUSTODY PARTNER FOR ITS PILOT OF NOVI

Last updated: June 15, 2025, 22:51  |  Written by: Cathie Wood

Facebook Chooses Coinbase As Its Custody Partner For Its Pilot Of Novi
Facebook Chooses Coinbase As Its Custody Partner For Its Pilot Of Novi

In A Blog Post Yesterday

Facebook taps Coinbase for its Novi digital wallet project

In a blog post yesterday, Coinbase announced that Facebook had chosen it as its custody partner for its pilot of Novi, a new digital wallet that enables people to send and

Coinbase’s new custody arm will ensure that funds in Novi are secure when users sign up for the pilot program. Currently, the program is available in America and

For The Pilot

Facebook (NASDAQ: FB) chose Coinbase (NASDAQ: COIN) as its custody partner for Novi. Novi is a new digital wallet that lets people send and receive money abroad.

For the pilot, Coinbase is supporting Novi via Coinbase Custody, which keeps user funds secure with our proprietary, fully segregated cold storage capability for

Facebook Novi pilot chooses Coinbase as custody partner

Tldr

Social media giant Facebook has chosen Coinbase to take care of custody for its new digital wallet called Novi. Novi is Facebook's attempt at a zero-fee global stablecoin

Facebook has chosen Coinbase as its custody partner for the launch of a pilot of the wallet Novi, which is a digital wallet that people can use to send and receive

tldr; Facebook is piloting Novi, a new digital wallet that enables people to send and receive money abroad instantly, securely, and with no fees. For the pilot, Facebook is supporting Novi via

Facebook Chooses Coinbase to Power Novi

Facebook Partners With Coinbase For Pilot Launch of New Digital

Facebook Has Chosen Coinbase As Its Custody Partner For Its Pilot

Novi

Novi, Facebook’s new digital wallet, will use Coinbase’s security to facilitate global payments. In addition, Coinbase recently announced that Facebook had chosen the

Facebook Partners with Coinbase for Novi Digital Wallet

Facebook Chooses Coinbase as its Custody Partner for its Pilot of

Facebook has chosen Coinbase as its custody partner for its pilot

Cathie Wood can be reached at [email protected].

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