- The Bank of New York Mellon ( NYSE: BK ) said Tuesday that it has rolled out its Digital Asset Custody platform allowing some clients in the U.S. to hold and transfer bitcoin ( BTC-USD ) and ethereum ( ETH-USD ).
- The lender initially made plans to launch the custody platform in February. It formed an enterprise Digital Assets Unit in 2021 to develop solutions for digital asset technology.
- "Touching more than 20% of the world's investable assets, BNY Mellon has the scale to reimagine financial markets through blockchain technology and digital assets," said BNY Mellon President and CEO Robin Vince.
- The move comes in the wake of growing institutional demand for a platform that bridges digital and traditional asset custody. According to a recent BNY Mellon ( BK ) survey, 91% of institutional investors are interested in investing in tokenized products, and 41% of them already hold crypto in their portfolio.
- Previously, (Feb. 23) BNY Mellon to use Chainalysis software for crypto compliance .
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BNY Mellon officially enables some U.S. clients to hold, transfer bitcoin, ether