WSJ: BNY Mellon customers will be able to store bitcoin and Ethereum

The American holding BNY Mellon will allow customers to store cryptocurrencies on the platform along with traditional financial instruments, reports WSJ.

According to the publication, the bank received the corresponding permission from the New York Regulator. This week will have the opportunity to store bitcoin and Ethereum this week.

Financial Financials are studying the possibility of providing cryptocastodial services for a larger number of customers. For the organization of storage and other asset operations, Fireblocks software is used.

The Bank of New York (now The Bank of New York Mellon) was founded by Alexander Hamilton on June 9, 1784. This is the oldest US bank.

Recall that in February 2022, BNY Mellon made a partnership with the analytical company Chainalysis, which provides tools to comply with legal requirements in the field of cryptocurrencies How to mint NFT: as part of the risk management program.

In April, Circle has chosen a financial holding as the main castodian for the reserves of the USDC stablecoin.

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