Can banks be their own bank? Deutsche Bank, BNY Mellon plan custody services
Cointelegraph
Published Feb 13, 2021 05:00PM ET
Updated Feb 13, 2021 06:40PM ET
As multiple banks prepare crypto custody services, holders now have to flip an old Bitcoin saying on its head: are the banks prepared to be their own (and others') bank?
Last week BNY Mellon (NYSE:BK), the oldest bank in the United States, announced they would be providing custody solutions, ceding to pressure from institutional investors. Likewise, documents from December indicate that Deutsche Bank (DE:DBKGn) is also planning a custody solution, along with trading and token issuance services.
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Written By: Cointelegraph
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