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2/22, 8:51 PM (Source: TeleTrader)
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BNY Mellon partners Fireblocks to host crypto - report

America's oldest Bank of New York Mellon has chosen Fireblocks, a digital asset platform, to hold bitcoin and other cryptocurrencies on behalf of the bank's clients, Coindesk reported on Monday citing three sources close to the matter.

Earlier this month, BNY Mellon announced building and testing software that would accommodate all kinds of digital assets, including stocks, bonds and cryptocurrencies.

It is reported that the two entities have been in talks "for a long time". BNY Mellon's updated service platform is expected to go live sometime in 2021.

Breaking the News / LH