Technology
BNY Mellon Debuts Crypto Custody Platform for Bitcoin and Ether
- Some clients now able to hold and transfer two largest tokens
- Bank moves forward with custody despite SEC accounting memo
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Bank of New York Mellon Corp. launched a digital asset platform in the US that will allow some clients to hold and transfer Bitcoin and Ether.
The firm, with $43 trillion of assets under custody or administration at midyear, “has the scale to reimagine financial markets through blockchain technology and digital assets,” Chief Executive Officer Robin Vince said Tuesday in a statement.