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US banks to collaborate with crypto guardians in the future of finance

Heading ahead, traditional finance institutions must collaborate with crypto custodians, sub-custodians, and service providers. The digital sector is described as“the intersection of technology and finance that’s increasingly defined by digital spaces, experiences, and transactions.” according to Grayscale Investments’ recent study “Reimagining the Future of Finance.”Considering this view, it is not strange that several financial organizations have started to provide services that enable users to acquire Bitcoin (BTC) and other digital assets.Financial institutions expanded assistance for crypto-asset custody in massive numbers last year.Bank of New York Mellon, for example, disclosed plans in February 2021 to retain, trade, and issue Bitcoin and other cryptocurrencies in favour of its clients as an asset administrator. According to Michael Demissie, head of digital assets and smart solutions at BNY Mellon, as of December 31, 2021, BNY Mellon has $46.7 trillion in assets within c

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