US investment bank Bank of New York Mellon Corporation (BNY Mellon) announced that it is preparing to develop a digital asset custody platform for its corporate clients.
Talia Klein, head of digital asset custody commercial products at BNY Mellon, said in an interview with City AM that the bank’s institutional customers can use the platform. to cryptocurrencies He said they can invest.
The bank’s institutional customers will be powered by Fireblocks technology, BNY Mellon crypto wallets, which are the most popular cryptocurrencies in the crypto market. Bitcoin (BTC) and Ethereum (ETH) they can hide.
The bank manager stated that in addition to Bitcoin and Ethereum, other digital assets will be gradually integrated into the platform.
Arguing that it will be the first bank to enter the digital asset custody market globally, BNY Mellonstated that they plan to offer the said custody service within this year.
It Will Be Released First In The USA!
Initially launched in the US, the custodial service may expand to other countries around the world if there is demand.
Talia Klein stated that the new custody service may come to the UK first after the USA. “I think what we’re seeing in the UK is that there’s a really vibrant and active digital asset market here.” used the phrases.
Speaking to City AM with Talia Klein, Katey Neate, head of BNY Mellon Asset Services, said that with the dedicated digital assets team they established last year, they are taking increasingly confident steps in the cryptocurrency space.
As it will be remembered, BNY Mellon has recently started to develop in the crypto money field. Blockchain and cryptocurrency data platform Chainalysis announced its partnership with
*Not investment advice.