Is BNY Mellon moving into crypto?

Register Now BNY Mellon (NYSE: BK), the world’s largest custodian bank with some $41 trillion in assets in its safekeeping, is moving into crypto. Announced Thursday, BNY Mellon will roll out a new digital custody unit later this year, to help clients deal in digital assets, including cryptocurrencies.

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.

Why did BNY Mellon add Crypto to its custody business?

BNY Mellon adds crypto to its $43 trillion custody business. Why that’s important for digital asset adoption The addition makes BNY Mellon the largest U.S. bank to offer safekeeping of both crypto and traditional assets. This feature is powered by text-to-speech technology. Want to see it on more articles?

Is BNY Mellon a digital custodian?

BNY Mellon says it is proud to be the first of the large U.S. custodian banks to come out with a service for digital assets. (JPMorgan and Citi are also said to be working on custody solutions for digital assets and crypto, as is Goldman Sachs .)