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Thursday, Feb 25, 2021

BNY Mellon to offer bitcoin services, a validation of crypto from a key bank in the financial system

BNY Mellon to offer bitcoin services, a validation of crypto from a key bank in the financial system

One of the most important banks in USA and the nation’s oldest bank, Bank of New York Mellon, said Thursday that it will begin financing bitcoin and other digital currencies.
Bank of New York Mellon said Thursday that it will begin financing bitcoin and other digital currencies.

It will eventually allow digital currencies to pass through the same financial network it currently uses for more traditional holdings like U.S. Treasury bonds and equities.

“BNY Mellon is proud to be the first global bank to announce plans to provide an integrated service for digital assets,” said Roman Regelman, head of digital at BNY Mellon.

Bitcoin, off to a robust start to 2021, was up 7.7% to around $48,250 at 8:30 a.m. in New York, according to Coin Metrics.
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