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Banking Giant BNY Mellon Announces Its Long-Term Committment to Digital Assets
Over the last few years, traditional banking players have been showing some affinity towards crypto assets and America’s oldest bank BNY Mellon is the latest to join the bandwagon. BNY Mellon is pushing for digital innovation while focusing on digital assets, not necessarily crypto.
Roman Regelman, CEO of securities services and digital at BNY Mellon, said that the banking is working on initiatives that involve the use of distributed ledger technology, tokenization, and digital cash. The banking giant started prioritizing crypto assets two years ago amid the rising client demand.
BNY Mellon declared its intention to securely manage, transfer, as well as facilitate the issuance of digital assets for their asset-management clientele. The American banker reported that while the bank works on digital assets, crypto isn’t its top priority.
During the first-quarter earnings call last month, BNY Mel
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