- BNY Mellon (NYSE:BK), the world’s largest custodian bank, will allow institutional clients to hold bitcoin and ether starting this year.
- The product will initially be launched in the U.S, and will then expand internationally based on demand.
- The 238-year old bank has been making strides in crypto since launching a dedicated digital asset team last year.
World’s largest custodian bank BNY Mellon will allow institutional clients to hold bitcoin and ether starting this year.
Based in the US, BNY Mellon has expressed their plans to launch a cryptocurrency custody platform, which will offer the bank’s institutional clients the opportunity to gain exposure to cryptocurrency.
According to a report from CITY A.M., a business newspaper based in London, BNY Mellon’s new product will initially launch in the U.S. later this year. Thereafter, the product will be expanded into additional markets globally based on demand.
Talia Klein, Head of Digital Asset Custody Commercial Product ...