BNY Mellon released its 13F filings revealing it had exposure to Bitcoin ETFs.
The Bank of New York Mellon, the oldest bank in the United States. recently reported its SEC filing documents, revealing it held BlackRock and Grayscale Bitcoin ETFs.
The bank announced that it would offer cryptocurrency custody services in 2022, holding digital assets alongside the trillions of dollars of traditional assets, per PYMNTS.
BNY Mellon, along with Goldman Sachs, Cboe Global Markets, and other firms recently said they were conducting pilot tests on the Canton Network blockchain. This initiative involved over 350 simulated transactions across tokenized assets, fund registry, digital cash, repo, securities lending, and margin management.
In Nov 2023, Grayscale met with the SEC and disclosed it had a partnership with BNY Mellon for its spot Bitcoin ETF. The partnership involved a Transfer Agency and Service Agreement with the oldest bank in the US.
BNY Mellon has also collaborated with other financial institutions, like HSBC, wherein the latter became the custody tech provider for the oldest bank in the US.
Previously, BNY Mellon’s CEO said digital assets were the bank’s “longest-term play.”
In Oct 2022, BNY Mellon won the approval of New York’s regulator to receive Bitcoins and Ethers from customers. This historically made it the first large US bank to safeguard digital assets alongside traditional investments.
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