BNY Mellon Starts Crypto Custody Service


Custodial lender obtained licence from New York banking authorities early this autumn to begin storing bitcoin and ether for some customers.

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.

Traditional fund managers who want to invest in digital assets

Who rely on BNY Mellon to undertake back-office duties relating to their regular securities holdings

The Wall Street Journal broke the story first.

BNY Mellon will now be able to offer those fund managers with key storage to access and move their bitcoin (BTC) and ether (ETH).