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BNY Mellon Says Client Demand is Reason For Crypto Custody Launch

Tris Bell

Summary: BNY Mellon CEO Robin Vince said in a conference call Monday crypto demand was the biggest reason for its crypto custody launch. According to Vince, 75% of BNY’s clients are either investing or considering investing in digital assets and 90% expect to be tokenizing their assets within the next few years.  Vince believes full-scale adoption ...

BNY Mellon CEO Robin Vince said in a conference call Monday crypto demand was the biggest reason for its crypto custody launch.

According to Vince, 75% of BNY’s clients are either investing or considering investing in digital assets and 90% expect to be tokenizing their assets within the next few years. 

Vince believes full-scale adoption to crypto is just a matter of years or even decades away. However, he added that the bank is not pouring a ton of capital into it just yet.

Author: Tris Bell

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