2/11, 4:36 PM (Source: TeleTrader)
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Bank of New York Mellon leaps into cryptocurrency market

America's oldest Bank of New York Mellon has decided to hold, transfer and issue cryptocurrency, including bitcoin, for its asset-management clients, The Wall Street Journal reported on Thursday.

"Digital assets are becoming part of the mainstream," said Roman Regelman, the BNY Mellon’s chief executive. He also added that the decision came after asset managers, clients of the bank, came forward asking BNY Mellon to accommodate their newly acquired digital assets, just like other traditional holdings.

BNY Mellon is now testing the platform built for customers' universal use with all kinds of holdings, whether it's digital assets, stocks or federal bonds.

Breaking the News / LH