BNY Mellon Rolls Out Crypto Custody Services to Customers
BNY Mellon would be the first bank to use one platform to offer custody for both traditional and crypto holdings.
A recently published report on the Wall Street Journal claims that some major US’s proprietary trading and investment giants are showing signs of interest in getting their feet soaked in Bitcoin, a move that is already predicted to change drastically the digital currency.
BNY Mellon would be the first bank to use one platform to offer custody for both traditional and crypto holdings.
The move by JPMorgan to commercial its repo transaction and the associated blockchain solutions has attracted other industry giants including Goldman Sachs and Bank of New York Mellon.
On Friday, the S&P 500 index closed 1.12% or 37.54 points down, at 3,319.47. The close was below S&P 500’s 50-day moving average for the first time since April. At the moment of writing, it is even lower, at 3264.41.
Bitcoin price rose more than 36% since the year’s beginning while the shares of banking giants have experienced huge fallings.
On September 11, Bitwise officially announced the appointment of the Bank of New York Mellon to serve as the administrator and transfer agent for its forthcoming Bitcoin exchange-traded fund (ETF).
The group will focus on the adoption of bitcoin’s underlying technology to the Internet of Things segment.