bank of new york mellon – DIGIT INFO

BNY Mellon Engages With Regulators, Fed’s 50bps Cut Triggers Crypto Inflows, and More — Week in Review

DIGIT — Sun, 29 Sep 2024 13:53:35 +0000

BNY Mellon is working closely with regulators to offer large-scale crypto custody services. Coinshares reported $321 million in digital asset inflows, driven by the Fed’s 50bps interest rate cut. Robert Kiyosaki predicts Bitcoin could reach $500K by 2025 and $1M by 2030, citing global financial instability risks highlighted in an upcoming book by Jim Rickards. […]

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Bank of New York Mellon: ‘Clients Are Absolutely Interested in Digital Assets’

DIGIT — Sat, 11 Feb 2023 01:30:49 +0000

Bank of New York Mellon (BNY Mellon) has revealed that its clients “are absolutely interested in digital assets.” Emphasizing the need for clear crypto regulation, the bank’s head of digital assets noted: “We need responsible actors who can offer reliable services that live up to investors’ trust.” BNY Mellon’s Clients Are ‘Absolutely’ Interested in Digital […]

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Circle Starts Moving USDC Reserves Into a Blackrock-Managed Fund, Firm Expects to Be ‘Fully Transitioned’ Next Year

DIGIT — Sun, 06 Nov 2022 18:30:05 +0000

According to the crypto firm Circle Internet Financial, the company is “deepening” its partnership with the world’s largest asset manager Blackrock. Circle disclosed that it has started to transfer USDC reserves into a Blackrock-managed fund that’s registered with the U.S. Securities and Exchange Commission (SEC). Circle Deepens Relationship With the World’s Largest Asset Manager Blackrock […]

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Major client demand the ‘tipping point’ for BNY Mellon’s crypto services

DIGIT — Wed, 19 Oct 2022 05:23:26 +0000

BNY Mellon CEO Robin Vince pointed to a survey earlier this year which found 91% of institutional asset managers were interested in investing in tokenized assets.

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Report: The Oldest Bank in America, BNY Mellon Can Now Custody Bitcoin and Ethereum

DIGIT — Tue, 11 Oct 2022 18:30:22 +0000

America’s oldest bank, the Bank of New York Mellon Corporation, commonly known as BNY Mellon, has announced the financial institution can now custody cryptocurrencies. A report published by the Wall Street Journal on Tuesday, says BNY Mellon was approved by the New York State Department of Financial Services (DFS), and the bank said it was […]

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Oldest US Bank BNY Mellon Sets Up Crypto Unit to Offer Bitcoin Services

DIGIT — Fri, 12 Feb 2021 15:19:34 +0000

The Bank of New York Mellon, BNY Mellon, has set up a digital asset unit. The oldest bank in the U.S. plans to “hold, transfer, and issue” bitcoin and other cryptocurrencies on behalf of its clients. The bank aims to eventually treat cryptocurrencies like any other assets. BNY Mellon Gets Into Crypto The oldest bank […]

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