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BNY Mellon: Digital Assets Are Coming of Age

From blockworks.co

The Bank of New York Mellon is rolling out its digital assets services “on a fund accounting and admin level” sometime in the second quarter and will add custody services in the fourth quarter of the year, according to Lory Kehoe, director of digital assets and blockchain for the bank. Kehoe mentioned the plans at an online event Thursday but didn’t give further details. BNY Mellon, a $41 trillion-asset bank and the oldest bank in the US, revealed last month that it had created a new unit to keep up with client demand for digital assets, including cryptocurrency, and that it would offer bitcoin custody sometime this ... (full story)

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  • Category: Fundamental Analysis