BNY Mellon Allows Selected Clients To Hold, Transfer BTC and ETH
CoinEdition
Published Oct 12, 2022 04:19AM ET
Updated Oct 12, 2022 04:30AM ET
BNY Mellon Allows Selected Clients To Hold, Transfer BTC and ETH
- BNY Mellon announced that its Digital Asset Custody platform is live in the U.S.
- The platform will allow selected clients to hold and transfer BTC and ETH.
- BNY Mellon achieves one of its goals to become a trusted provider for both traditional assets and crypto.
On Tuesday, Bank of New York Mellon (NYSE:BK) (BNY Mellon) announced that its Digital Asset Custody platform is live in the U.S. The Digital Asset Custody platform developed by BNY Mellon will allow selected clients to hold and transfer BTC and ETH.
BNY Mellon collaborated with digital asset technology specialists Fireblocks and Chainalysis to merge the firm’s technology. With the help of Fireblocks and Chainalysis, BNY Mellon will meet the present and future security and compliance needs of clients across the crypto space. A study sponsored by BNY Mellon has shown that 41% of institutional investors hold cryptos, while 15% of investors plan to hold crypto in the future.
The post BNY Mellon Allows Selected Clients To Hold, Transfer BTC and ETH appeared first on Coin Edition.
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