The world’s oldest and largest custody bank, Bank of New York (BNY) Mellon, seems determined to take firm steps forward by continuing its work in the field of digital assets.
CEO of BNY Mellon Robin Vincent During an earnings call yesterday, adapt to technology changes that digital assets should be owned by the bank, “the longest-term game plan” said that.
We are investing in a future that is likely to happen, but it may not happen. But if it does, we should be there. We consider it important for us to participate extensively in the digital asset space.
CEO, ignoring the digital asset space, stick to 50 years ago and “still adopting paper while ignoring the computer” He said that and added:
We will not be this.
on the other hand The Wall Street Journal (WSJ) According to a recent report, the profit in the fourth quarter of 2022 is compared to the previous year. 822 million dollarsfrom 38% down $509 milliona receding BNY Mellon, of your staff 3%corresponding to 1.500 people He plans to lay off.
According to a past statement of the CEO, the crypto money industry entered the market in line with the demand of the customers. BNY Mellonlast year October per month crypto custody service to present new York It was approved by the regulator.