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Finance

BNY Mellon Names Caroline Butler CEO of Digital Assets

Butler previously ran the Custody Services division at the bank.

By Helene Braun
AccessTimeIconFeb 2, 2023 at 7:09 p.m. UTC
Updated May 9, 2023 at 4:07 a.m. UTC
Caroline Butler (BNY Mellon)
Caroline Butler (BNY Mellon)

Custodial banking giant BNY Mellon (BK) has promoted Caroline Butler to CEO of Digital Assets, the lender announced Thursday.

Butler joined BNY Mellon in 2020 and most recently was CEO of Custody Services, where she led development of the bank’s integrated digital custody and administration platform for traditional and digital assets.

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    • The platform launched in October 2022, allowing fund managers to store keys necessary to access and move around their bitcoin (BTC) and ether (ETH), as well as the other traditional bookkeeping functions.

    In her new position, Butler will continue to lead the digital assets custody platform, as well as oversee any digital assets commercial initiatives company-wide.

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Helene Braun
    Helene Braun

    Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.

    Follow @HeleneBraunn on Twitter