BNY Mellon joins State Street to service new crypto exchange

Cointelegraph

Published Jul 21, 2021 06:23AM ET

Updated Jul 21, 2021 08:00AM ET

Bank of New York Mellon (NYSE:BK) is joining a new cryptocurrency initiative by offering its custody support to a new crypto exchange backed by the American bank State Street (NYSE:STT).

According to a Wednesday report by the Financial Times, BNY Mellon has joined a consortium of six banks behind the launch of London-based Pure Digital, a new crypto trading platform venture that is scheduled to execute its first Bitcoin (BTC) trade in the near future.

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