Is BNY Mellon launching crypto custody in 2021?

BNY Mellon, which formed its enterprise Digital Assets Unit in 2021, got approval from the New York Department of Financial Services before launching crypto custody. It plans to expand its offerings, such as providing clients with access to crypto exchanges, pending market demand and regulatory guidance.

Is BNY Mellon a crypto bank?

The addition makes BNY Mellon BK, +1.23% the largest U.S. bank to offer safekeeping of both crypto and traditional assets. While BNY Mellon has a global custody platform, its crypto service is currently only available to select U.S. institutional clients.

Does BNY Mellon have a digital asset custody platform?

NEW YORK, Oct. 11, 2022 - BNY Mellon today announced that its Digital Asset Custody platform is live in the U.S. With select clients now able to hold and transfer bitcoin and ether, this milestone reinforces BNY Mellon's commitment to support client demand for a trusted provider of both traditional and digital asset servicing.

Which bank has added cryptocurrencies to its custody services?

May 29-31, 2024 - Austin, Texas The biggest and most established global hub for everything crypto, blockchain and Web3. Register Now The world's largest custodian bank and the oldest lender in the U.S., Bank of New York Mellon (BK), has added cryptocurrencies to its custody services, according to a press release on Tuesday.