Since January 2023, BNY Mellon has publicly expressed interest in entering the digital asset space. During a financial report conference call, CEO Robin Vince stated that digital assets represent the bank’s “longest-term investment.” According to Bloomberg, the bank supports 80% of SEC-approved Bitcoin and Ethereum ETFs through its fund services business, specifically regarding “cash and securities custody” aspects
SEC Exemption Boosts Mellon Bank Cryptocurrency Custody to Go Mainstream