Crypto News
| Published On Feb 26, 2022 9:10 am CET | By Peter Siu

BNY Mellon Partners With Chainalysis And Launches Custody Platform

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The Bank of New York (BNY) Mellon, which is the world’s largest custodian bank and securities services company with $41.7 trillion in assets under custody (AUC) and over $2.2 trillion in assets under management (AUM), has partnered with blockchain software and analytics firm, Chainalysis.

BNY Mellon will be utilizing Chainalysis compliance software for its own risk management system. The bank will also use the firm’s analytics and software to track digital asset usage among its clients.

Caroline Butler, Head of Global Custody, Tax, and Network Management at BNY Mellon, said:

“At BNY Mellon, we enter the digital asset market with the title of the most trusted asset service provider. Working with Chainalysis and other leading fintech companies, we are developing our capabilities in the growing cryptocurrency industry and reflecting this in our products.”

A platform, which will provide digital asset custody, is expected to launch within the year, first in the U.S. with expansion to the U.K. and other countries globally, following demand.

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Peter Siu

Peter is a former poker-pro, turned crypto enthusiast with 8+ years’ experience in operational roles dealing with all online gaming verticals within large iGaming companies, including Flutter and Entain. Now an expert in the field of Sports Betting, Casino, iGaming, and Poker, he is our team leader and editor. When not working, Peter can be found in the gym or playing sports like football, tennis and more recently padel.