Oldest bank in the US, which received approval from the New York regulator in early October BNY Mellonto its customers Bitcoin (BTC) and Ethereum (ETH) announced that it would start offering custody services.
Also, the US cryptocurrency BNY Mellon, one of its friendly institutions, recently conducted a survey with the participation of institutional investors.
Announcing the results of the survey in its report titled “Institutional Investment 2.0,” the bank said that 70% of institutional investors will increase their crypto activity once more crypto custody services are available for customers.
70% of institutional investors surveyed in the bank report “He said he would increase cryptocurrency activities if services such as custody and execution were available from well-known and trusted institutions.” said.
“Institutional investors are looking for ways to enter the crypto market in a safe and compliant way, rather than jumping into the cryptocurrency markets with hopes of high returns.
Despite the bear market, 90% of institutional investments said they continue to advance their crypto-related plans.”
The survey also revealed that institutional investors are increasingly interested in tokenization.
The report said that 97 percent of respondents agreed that tokenization will revolutionize asset management and be good for the industry.
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