Bank Oversees $46.7 Trillion of Assets, Builds Digital Asset Custody Platform

Controlling $46.7 trillion in assets of the world largest custody bank, Bank of New York (BNY) Mellon has announced that it will establish a digital asset custody platform to provide crypto money services to its institutional customers.

BNY Mellon said that the platform, which will first launch in the United States, will later can spread worldwide according to market demand told.

According to the report by City AM, customers, Digital asset custody platform fireblocks BNY Mellon crypto wallets to be developed by They will be able to store Bitcoin (BTC) and Ethereum (ETH). by regulators after obtaining the necessary approvals after your service gradual one will increase as and other tokenized digital assets can be integrated it is said.

This is BNY Mellon service in 2022 thought to be present.

Talia Klein, head of digital asset custody at BNY Mellon, said she predicts its plans, which will start in the US, could extend to the UK:

There is a really active use of digital assets in the UK.

said.

BNY Mellon collaborated with Grayscale Investments in July last year about Bitcoin. announced that they wanted to offer some services.

As reported by Coin Bulletin, BNY Mellon recently launched its cryptocurrency products. to watch and analysis to help make blockchain data platform Chainalysis with one announced the partnership.

Bank of New York (BNY) Mellon Partners with Chainalysis to Monitor Users’ Crypto Transactions

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