BNY Mellon Announces Crypto Custody and Spies Integrated Services
The world’s biggest custodian bank beats rivals JPMorgan and Citi to the punch.
The Series C round was led by Coatue – with participation from BNY Mellon.
Earlier this month, America’s oldest bank said it was using outside partners for its crypto custody service but did not name names.
The custody bank would provide ETF basket operations, order taking, fund accounting, fund administration and transfer agency services.
The bank’s game plan was hidden in plain sight in a widely overlooked report by the World Economic Forum.
"Bitcoin is loving the BNY Mellon news. It's a very big deal," trader and analyst Alex Kruger tweeted.