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BNY Mellon Launches New Digital Asset Custody Platform

BNY Mellon announced that its Digital Asset Custody platform is live in the U.S. Select clients are now able to hold and transfer bitcoin and ether. A recent survey sponsored by BNY Mellon highlights already significant institutional demand for a resilient, scalable financial infrastructure built to accommodate both traditional and digital assets. According to the survey, almost all institutional investors (91%) are interested in investing in tokenized products. Additionally, 41% of institutional investors hold cryptocurrency in their portfolio today, with an additional 15% planning to hold digital assets in their portfolios within the next two to five years. BNY Mellon tapped digital asset technology specialists Fireblocks and Chainalysis to integrate their technology in order to meet the present and future security and compliance needs of clients across the digital asset space. 

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