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BNY Mellon To Offer Institutional Clients Exposure to Crypto -Breaking

by Mike Robinson

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BNY Mellon Offers Crypto Access to Institutional Clients
  • BNY Mellon (NYSE:), the world’s largest custodian bank, will allow institutional clients to hold bitcoin and ether starting this year.
  • Initial launch will be in the U.S., with international expansion to follow.
  • After launching the dedicated digital asset group last year, 238 years old Bank has made significant progress in crypto.

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. The product will then be launched in additional countries worldwide based upon demand.

Talia Klein is Head of Digital Asset Custody Commercial Product

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