BNY Mellon Announces Crypto Custody and Spies Integrated Services

A Bitcoin (virtual currency) coin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/Illustration

Coin Desk: BNY Mellon, the world’s largest custodian bank with some $41 trillion in assets in its safekeeping, is moving into crypto.

Announced Thursday, BNY Mellon will roll out a new digital custody unit later this year, to help clients deal in digital assets, including cryptocurrencies.

Banks exploring digital assets, or large app providers like PayPal offering crypto, tend to start out with the usual suspects: bitcoin, ether and other top coins. Read More

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