BNY Mellon preparing to launch institutional crypto custody platform
2022/02/25 09:54According to FinanceMagnates, BNY Mellon, a major US global bank headquartered in New York, has announced plans to launch a digital asset custody platform today to enable institutional clients to get exposure to cryptocurrencies
The new custody platform will enable customers to hold the major crypto coins like Bitcoin and Ether in BNY Mellon crypto wallets which will be powered by Fireblocks technology. However, the service will gradually expand and include a wide variety of tokenized traditional and digital assets subject to regulatory approval.
The investment bank said it expects the launch of the new product later this year. The product will make the investment bank “the first to enter the global digital custody space,” Mellon said.
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