BNY Mellon Expands Crypto Custody Services Beyond Bitcoin and Ethereum

BNY Mellon, a global financial services giant, has received a non-objection from the Securities and Exchange Commission (SEC) to expand its crypto custody services beyond Bitcoin and Ethereum. This move signifies a significant step forward for BNY Mellon’s foray into the digital asset space, further strengthening its commitment to providing secure and reliable custody solutions for its clients.

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The SEC’s non-objection allows BNY Mellon to offer its custody services for a wider range of crypto assets, offering investors greater flexibility and access to a more diversified portfolio. This expansion signifies BNY Mellon’s dedication to evolving with the evolving digital asset landscape and providing its clients with cutting-edge solutions.

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By expanding its crypto custody services, BNY Mellon aims to enhance the asset security for its clients, providing them with a trusted and regulated platform for managing their digital assets. This move is expected to attract institutional investors seeking secure and reliable custody solutions for their crypto holdings.

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The SEC’s non-objection is a testament to BNY Mellon’s commitment to regulatory compliance and its robust infrastructure for handling digital assets. The expansion of its custody services further solidifies its position as a leading player in the institutional crypto space.