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BNY Mellon Announces Crypto Custody services
Summary: Announced Thursday, BNY Mellon will roll out a new digital custody unit later this year, to help clients deal in digital assets, including cryptocurrencies. The platform we have built would service any of those assets,” Mike Demissie, head of advanced solutions at BNY Mellon, said in an interview. “It will be driven by client interest ...
Announced Thursday, BNY Mellon will roll out a new digital custody unit later this year, to help clients deal in digital assets, including cryptocurrencies.
The platform we have built would service any of those assets,” Mike Demissie, head of advanced solutions at BNY Mellon, said in an interview. “It will be driven by client interest and demand, and we also stayed tuned to regulatory activity to make sure we are supporting assets that are allowed in a particular market.”
Chief executive of BNY Mellon’s asset-servicing and digital businesses Roman Regelman said. “Digital assets are becoming part of the mainstream,we‘re asking BNY Mellon and their peers to treat digital assets as they would their other holdings”
As Wall Street’s back-office banks, BNY Mellon, the world’s largest custodian bank with some $41 trillion in assets in its safekeeping is moving into crypto，it is proud to be the first of the large U.S. custodian banks to come out with a service for digital assets.
