BNY Mellon won the approval of New York’s financial regulator earlier this fall to begin receiving select customers’ bitcoin and ether starting this week. The bank will store the keys required to access and transfer those assets, and provide the same bookkeeping services on those digital currencies that it offers to fund managers for their portfolios of stocks, bonds, commodities and other assets.
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America’s oldest bank, BNY Mellon, will hold that crypto now
“We are excited to help drive the financial industry forward,” Robin Vince, BNY Mellon’s president and chief executive, said in a statement.
