The world’s largest custody bank, Bank of New York (BNY) Mellon, has received approval from the New York regulator to offer crypto custody services.
According to the Wall Street Journal’s October 11 report, BNY Mellon said it will support its institutional clients in keeping their cryptocurrencies. In the statement, the bank’s traditional investments, as well as It will be the “first US bank” to offer custody services in cryptocurrencies as well. specified.
With the approval received, the bank stock, bond and commodity services offered by assets such as It will also offer for cryptocurrencies.
CEO of BNY Mellon Robin VincentIn his statements on the subject, he made the following statements:
We are excited to help move the financial industry forward.
BNY Mellon, one of the oldest banks in the USA, has previously been very interested in cryptocurrencies for its institutional clients. Earlier this year, the bank monitor crypto transactions blockchain software company for Partnership with Chainalysis had established.