Bank of New York Mellon Plans to Start Banking Cryptocurrencies
Bank of New York Mellon (NYSE: BK), one of the largest custodian banks in the world, plans to begin serving the cryptocurrency needs of its asset management clients.
The Wall Street Journal reported this morning that BNY Mellon will soon "hold, transfer and issue" Bitcoin (CRYPTO: BTC) and other digital assets in the same way it does with more-traditional financial instruments such as stocks or bonds. The bank plans to do this with a platform that is currently in prototype.
"Digital assets are becoming part of the mainstream," said Roman Regelman, the head of BNY Mellon's digital and asset-servicing businesses, according to the Journal.
Source Fool.com
