Thus, America's oldest bank has become the first one to interact with the crypto industry in such a manner.
Thus, America’s oldest bank has become the first one to interact with the crypto industry in such a manner.As such, the banking institution now operates as a custodian for both digital and other types of investment assets.
As previously reported, BNY Mellon received the necessary approval from New York’s financial watchdog earlier this year. The WSJThey can deposit their bitcoin and ether holdings, and the banking giant will store the keys required to access and transfer the assets. Fund managers will have the same bookkeeping services for crypto assets as they have for stocks, commodities, bonds, etc.“We are excited to help drive the financial industry forward.”
BNY Mellon has been at the forefront of cryptocurrency adoption among US banking organizations. While some, such as JPM, continue to doubt the industry, BNYSince then, the bank has enabled other similar features while also predicting that bitcoin could transform the financial world. Most recently, the CEO
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