BNY Mellon Starts Crypto Custody Service
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Custodial lender obtained licence from New York banking authorities early this autumn to begin storing bitcoin and ether for some customers.
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Bank of New York Mellon (BK), the world's largest custodian bank and the country's oldest institution, has added cryptocurrency to its custody services.
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Traditional fund managers who want to invest in digital assets
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Who rely on BNY Mellon to undertake back-office duties relating to their regular securities holdings
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The Wall Street Journal broke the story first.
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BNY Mellon will now be able to offer those fund managers with key storage to access and move their bitcoin (BTC) and ether (ETH).
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