The flourishing trading in Digital Currency attracts many traditional institutions, which previously shunned crypto due to its wild price volatility and strict regulatory scrutiny.
Nasdaq and BlackRock have launched custody platforms to gain a foothold in a market dominated by Coinbase and Binance.
Mellon set up a department to develop solutions for digital assets in 2021, collaborating with Fireblocks and Chainalysis.
Cryptocurrencies are just beginning, so over 90% of institutional investors want to invest.
This fall, the 238-year-old bank was the first of eight systemically important U.S. banks to receive approval from financial regulators in New York to allow customers to use one custody platform for traditional and crypto.
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