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BNY Mellon, oldest U.S. bank, to finance bitcoin and other cryptocurrencies

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The Bank of New York Mellon on Wall Street, New York.

Scott Mlyn | CNBC

Bank of New York Mellon, the nation’s oldest bank, said Thursday that it will begin financing bitcoin and other digital currencies.

The custody bank will eventually allow digital currencies to pass through the same financial network it currently uses for more traditional holdings like U.S. Treasury bonds and equities after months of analysis of its prototype digital asset framework.

“BNY Mellon is proud to be the first global bank to announce plans to provide an integrated service for digital assets,” Roman Regelman, CEO of asset servicing and head of digital at BNY Mellon, said in a press release.

“Growing client demand…



Source cnbc.com

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