BNY

EpicHasAIDS

Self custody will not be an issue for most investors once we see more adoption. How many stock market investors are worried about their stocks disappearing? Their bonds disappearing? There's a reason people don't have physical stock certificates anymore. As the big boys become the custody leaders (ie. BNY Mellon) the only people who are going to be storing their coins in the their closet are the early adopters.

RatherCynical

The "effectively deflationary" thing - some of the previous coins historically, before we knew about crypto, that would be true. But onwards, unlikely. Cryptocurrency custodian services would start to become a thing. BNY Mellon's been offering that kind of service for a while now, the same will happen with Chase and all sorts of other big banks.

coinfeeds-bot

tldr; U.S. bank BNY Mellon has reportedly lobbied the Irish government to adopt its own crypto regulations. The bank established a crypto unit in Ireland this year to provide custodian services to institutional investors. The EU is still discussing union-wide cryptocurrency regulations, which are expected to be implemented by 2023. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

simplelifestyle

No, they can't. That's not posible with Bitcoin. Gold is a different story, it is controlled because they own it and also they can fake the numbers and hide the gold, also no audits, complete obscurity. Bitcoin is auditable by anybody, it's a transparent public ledger. We need to stop the ETF FUD. Bitcoin is a real accountable scarcity for the very first time ever. > If they sell ETF shares without buying the underlying futures they can go bankrupt or at least be fined as soon as it is found out. Then another ETF provider who simply follow the rules will take their market share and the easy fees they get for such an easy service. And it is possible to reasonably easily verify that because the futures are traded on CME (Chicago Mercantile Exchange) and the open interest data is publicly available. > > This is very different from gold because in the case of gold the best you have is the WORD of multiple private institutions saying the gold is there is in some vault. BlackRock, BNY Mellon, JP Morgan can provide whatever certificate they would like, you need to believe them. > > In the case of futures BTC, it is virtually auditable by anyone. Even a spot ETF of bitcoin is more risky in this case because, unless the issuer publicly discloses the address(es) where the bitcoins are, this is difficult to verify. One of the main reasons, I believe, for the SEC to allow for this type of ETF rather than the spot ETF is precisely this point. https://old.reddit.com/r/Bitcoin/comments/qcle7k/the_second_us_bitcoin_etf_is_set_to_start_trading/hhh3ydo/

EpicHasAIDS

How does the 35% of $206 Billion that Coinbase holds on an crypto exchange relate to Coca Cola - a drink company? It doesn't. You want to talk behemoths? In 2019 : BNY Mellon had custodianship of 25 trillion USD in assets. State Street had custodianship of 21 trillion USD in assets. JP Morgan had custodianship of 20 trillion USD in assets. Those numbers are higher today than they were 2 years ago and provide better context than the market cap of some one who sells soda. What will be interesting is when the actual heavyweights start getting a meaningful share of the crypto custody business (it's happening).

cidadefalcao

If they sell ETF shares without buying the underlying futures they can go bankrupt or at least be fined as soon as it is found out. Then another ETF provider who simply follow the rules will take their market share and the easy fees they get for such an easy service. And it is possible to reasonably easily verify that because the futures are traded on CME (Chicago Mercantile Exchange) and the open interest data is publicly available. This is very different from gold because in the case of gold the best you have is the WORD of multiple private institutions saying the gold is there is in some vault. BlackRock, BNY Mellon, JP Morgan can provide whatever certificate they would like, you need to believe them. In the case of futures BTC, it is virtually auditable by anyone. Even a spot ETF of bitcoin is more risky in this case because, unless the issuer publicly discloses the address(es) where the bitcoins are, this is difficult to verify. One of the main reasons, I believe, for the SEC to allow for this type of ETF rather than the spot ETF is precisely this point.

bastion_12x

If there's a legit custody provider, like BNY Melon, it could be done.

LeeWoolley

My two most recent hires were Kevin Taylor from BNY Mellon and Don Berk from Northern Trust.

Jtrades26

Hi fellas, Marshall - are there any mainstream VC, and partnerships in the works? Lee - what gave you the confidence to leave traditional finance at BNY Mellon (https://www.chicagobusiness.com/section/people-on-the-move/2759709) join forces with this specific crypto / blockchain company?

26United26

Take an hour and try ⚛ Protonwallet & Protonswap: Protonchain.com/wallet Protonscan.io Webauth.com Also Proton Lend is about to drop in Nov. https://blog.protonchain.com/update-on-proton-loan-and-protons-first-native-fiat-integration/ The Proton project token ***XPR*** is not going to remain a small cap for very long, and just started its climb 2-3 weeks ago. Trading @ $0.014 right now, with previous high if $0.034 in march/April. ***XPR*** has zero ⛽ fees and instant transactions using @name identity / address. The wallet provides the ability to wrap BTC, ETH, ADA, and others.. ⚛ Proton Lend is an Aave like protocol and the token is: ***LOAN*** Available on https://proton.alcor.exchange/markets You can also stake and yield farm right from the wallet with no fees in/out. They recently hired Lee Woolley & Kevin Taylor from ***BNY Mellon*** And Robert Capps from Mastercard.. Ultimately moving towards their banking license for: ***First Blockchain Bank & Trust*** 🏦 Try the platform you wont regret it.

26United26

Take an hour and try ⚛ Protonwallet & Protonswap: Protonchain.com/wallet Protonscan.io Webauth.com Also Proton Lend is about to drop in Nov. https://blog.protonchain.com/update-on-proton-loan-and-protons-first-native-fiat-integration/ The Proton project token ***XPR*** is not going to remain a small cap for very long, and just started its climb 2-3 weeks ago. Trading @ $0.014 right now, with previous high if $0.034 in march/April. ***XPR*** has zero ⛽ fees and instant transactions using @name identity / address. The wallet provides the ability to wrap BTC, ETH, ADA, and others.. ⚛ Proton Lend is an Aave like protocol and the token is: ***LOAN*** Available on https://proton.alcor.exchange/markets You can also stake and yield farm right from the wallet with no fees in/out. They recently hired Lee Woolley & Kevin Taylor from ***BNY Mellon*** And Robert Capps from Mastercard.. Ultimately moving towards their banking license for: ***First Blockchain Bank & Trust*** 🏦 Try the platform you wont regret it.

26United26

Don't invest in anything that doesn't have a clear path to mass adoption. The Dodge and Shib growth is awesome but not sustainable in my opinion, though never know. Take an hour and try ⚛ Protonwallet & Protonswap: Protonchain.com/wallet Protonscan.io Webauth.com Also Proton Lend is about to drop in Nov. https://blog.protonchain.com/update-on-proton-loan-and-protons-first-native-fiat-integration/ The Proton project token ***XPR*** is not going to remain a small cap for very long, and just started its climb 2-3 weeks ago. Trading @ $0.014 right now, with previous high if $0.034 in march/April. ***XPR*** has zero ⛽ fees and instant transactions using @name identity / address. The wallet provides the ability to wrap BTC, ETH, ADA, and others.. ⚛ Proton Lend is an Aave like protocol and the token is: ***LOAN*** Available on https://proton.alcor.exchange/markets You can also stake and yield farm right from the wallet with no fees in/out. They recently hired Lee Woolley & Kevin Taylor from ***BNY Mellon*** And Robert Capps from Mastercard.. Ultimately moving towards their banking license for: ***First Blockchain Bank & Trust*** 🏦 Try the platform you wont regret it.

EpicHasAIDS

Though this is true, these fund companies will be using the same custodians as they use for their "normal" funds (such as BNY Mellon). I'll also gently point out that owning actual bitcoin in a cold wallet isn't risk free. You have risk getting it there, you have risk keeping it there and you have risk getting it out.

manalexicon

Well BNY Mellon, one of the oldest banks, founded by the first US Treasury Secretary, Alexander Hamilton, is the largest custodial bank in the world, and they started providing custodial services for their clients Bitcoin in March, so I’d say that’s a yes.

EpicHasAIDS

LOL. In 10 years the big banks will be the top players in crypto. BNY Mellon will be the largest custodian of crypto. All the top prime brokers of crypto will be attached to major banks. There will be hundreds of billions of dollars in crypto ETFs - which will be operated by large investment companies and banks. Likewise traditional brokerages will adopt crypto, allowing their clients to hold that asset class with their regular investments. The 1% will continue to be the 1% and they will continue to spend 0% of their time worried about the 99%. The bad news is that on the crypto trip to the moon, every institution you hate will be along for the ride.

EpicHasAIDS

Banks know 2 things. Risk and profit. Crypto has been (and still is) difficult for the banks to bring into their business in a COMPLIANT fashion. Compliance / risk control is a huge part of banking. Now that they are figuring out crypto compliance and when they more completely figure it out, they will get busy. That is what has been stopping them. Not some childish notion that they're scared of crypto. I'll use BNY Mellon as an example. They are the largest custodian of financial assets and have been preparing to work with crypto. This means the same network and plumbing they use for traditional assets will be plugged into crypto. I'll bet on their success every time.

EpicHasAIDS

You are under the impression the US government hates crypto because you listen to people who really don't know what they're talking about scream how the system wants to keep crypto down. In reality. Crypto is breaking through. Have you been paying attention over the last 6 months? Banks are coming on board. Huge - I mean huge - companies are building infrastructure for crypto (ie. BNY Mellon). Regulation is slowly forming, this will bring the next leg of adoption. Even something as simple at the increase in mainstream crypto advertising. These are all messages that evolution is actually happening. Breaking through is a process, not an event.

toyume

Specfically, these are the banks that want a share of the crypto pie: * Bank of America * BNY Mellon * Citigroup * Goldman Sachs * JPMorgan Chase * Morgan Stanley * State Street * Wells Fargo People in the US, how many of these are actually trustworthy?

EpicHasAIDS

Wait until they are massive players in the space to the point they own it. Wait until BNY Mellon is the biggest crypto custodian and prime broker on the planet. We can pretend we live in a hippie crypto village all we want but the idea of crypto putting banks into the history books is a speedball level pipedream. Banks have time, money, intellectual capital and a will to act.

chadillac_crypto

I agree. Too many patents mention XRP. Too many banks and financial institutions using the ledger. The very deep banking ties. BNY MELLON director is Ripple CEO father in-law. Rockefeller, Gates, World economic forum, SBI japan, Rosie Rios, liquidity solution for a financial collapse, it’s right in front of our eye you guys! THGINREVO!

chadillac_crypto

BNY Mellon’s director Hans Mautner is Brad Garlinghouse father in law. The banking cartel is putting on a show and baptizing RIPPLE onto the global financial stage.

EpicHasAIDS

You're 100% right. The best part about the "uneducated old men from SEC, treasury, etc." are without fail multiple times smarter than the people who use this insult toward them. People may not like their opinions, but people who have done nothing in their lives that compares to the likes or Gensler and Powell should focus on reality instead of more childish insults. I don't love either guy, but to dismiss these people out of hand shows a serious lack of honesty, integrity and maturity. Incidentally, this is why if we do see crypto PACs I certainly hope they're staffed and run by adults who act like adults and not some guy screaming insults. What we're seeing is slow regulation creeping in at the SEC. Your point about the ETFs is **excellent** and completely lost on most people here. Gensler is OK with the idea, seemingly, but he would prefer to (at least initially) have them use futures because they're more regulated. We're also seeing government agents seeking opinions on crypto, which is exactly what we should want - they're trying to learn about it before they firm up laws. Banks and investment houses will most definitely get behind crypto, but they need to get theirs heads around the risk / compliance side. Now that we've seen massive players, like BNY Mellon, get prepared for the custodianship side it's clear. I believe they'll also be a prime broker. The banking industry is getting ready but too many of the community can't to see what's in front of us.

coinfeeds-bot

tldr; OnlyFans CEO Tim Stokely has said that banks were behind the online fundraising platform's recent ban on sexually explicit content. Stokely named three major banks that refused service because of "reputational risk" associated with the UK-based OnlyFans' sexual material. He said BNY Mellon specifically had "flagged and rejected" every wire transaction involving OnlyFans. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Bastion_substack

notice how they plan to use a legit custodian, BNY Melon, and not some shady dealer like binance or coinbase.

Giwaov

- BNY Mellon - Citibank - UBS - BNP Paribas - Morgan Stanley - JPMorgan Chase - Goldman Sachs - MUFG - ING - BBVA - NOMURA - Barclays They have invested a total of $2.6 billion in crypto-related companies

BerthjeTTV

1. Standard Chartered - $380 million and 6 investments Investments at the bank include blockchain network Ripple, whose XRP token has a capitalization of around $48 billion, according to Coinmarketcap.com, making it the sixth-largest cryptocurrency by market value. It's also an investor in Cobalt, a trading technology provider based in the UK. 2. BNY Mellon - $321 million and 5 investments On BNY's roster is Fireblocks, whose platform allows financial institutions to issue, move and store cryptocurrencies. Banks have been investing the most in the area of crypto custody, or services under which companies look after their clients' digital assets for a fee, said Blockdata. It found 23 of the top 100 banks are either building their own custodial technology or integrating a tech provider's product into their own systems. 3. Citibank - $279 million and 14 investments The fourth-largest bank in the US by assets has invested in SETL, whose ledger technology is used to move cash and other assets. 4. UBS - $266 million and 5 investments The Swiss banking heavyweight's lineup includes Axoni, whose technology is used to modernize infrastructure in capital markets. 5. BNP Paribas - $236 million and 9 investments The French financial group was working with Digital Asset to develop real-time trade and settlement applications using smart contracts based on the DAML programming language. 6. Morgan Stanley - $234 million with 3 investments One of its investments is NYDIG, a crypto custody firm and the bitcoin subsidiary of Stone Ridge, a $10 billion alternative asset manager. 7. JP Morgan Chase - $206 million and 8 investments ConsenSys, an ethereum software company, has received backing from the largest bank in the US. 8. Goldman Sachs - $204 million and 8 investments Its list includes Coin Metrics, a provider of blockchain data to institutional clients. 9. MUFG - $185 million and 6 investments Japan's Mitsubishi UFJ Financial Group has invested in Coinbase, the US cryptocurrency exchange that went public in April, and in Bitflyer, a Tokyo-based cryptocurrency exchange. 10. ING - $170 million and 6 investments The Dutch multinational has backed HQLAx, a blockchain liquidity management platform. 11. BBVA - $167 million and 5 investments The Spanish lender's list includes Covault, whose technology is used to store, share and verify identities. 12. Nomura - $146 million and 5 investments Quantstamp, a blockchain security firm, is one of the companies the Japanese bank is backing. 13. Barclays - $12 million and 22 investments The British multinational's list of investments includes RealBlocks, a tech platform that connects advisors and investors to alternative investment.

cutebunnybunnies

Here's the list in case anyone's wondering: * Standard Chartered * BNY Mellon * Citibank * UBS * BNP Paribas * Morgan Stanley * JP Morgan Chase & Co. * Goldman Sachs * MUFG * ING * BBVA * Nomura * Barclays

Bastion_substack

coinbase and gemini are brokers, not dedicated, nor secure custody platforms. BNY Melon, or ICE bakkt are much more professional options for people lacking mental capacity to manage their own wallets

Anymeans6

1. El Salvador makes BTC legal tender and is exploring ways to sustainably mine BTC 2. BNY Mellon will hold, transfer, and issue BTC and other crypto on behalf of clients 3. Fidelity, Square, and Coinbase Launch Crypto Trade Group (aka Lobbying) 4. Ray Dalio and Stan Druckenmiller own BTC. Ray admits bonds are unattractive vs BTC 5. Square buys $170M BTC 6. PayPal launches crypto trading, checkout, and is working on withdrawals 7. Crypto custody firm NYDIG says BTC is coming to hundreds of US banks this year 8. Insurance giant Mass Mutual buys $100M BTC 9. Interactive brokers to offer crypto trading by the end of the summer 10. Visa moves to allow payment settlements using crypto. Will enable USDC to settle transactions on its payment network 11. Point72, Matrix, and Millenium who together make up tens of billions in hedge fund assets plan to get into crypto and are setting up DEFI desks 12. ECB warns governments that opt out of introducing CBDCs may face threats to their financial systems and monetary policy 13. Investment banks (JP Morgan, Goldman, etc.) predict Bitcoin will hit $100k+ 14. Goldman launches crypto trading and declares it an asset class 15. Microstrategy has raised almost $5bn used exclusively to purchase and hold bitcoin

bny192677

BNY No meaning at all but I like it

Bastion_substack

you can check out some legit custodian services. E.g. contact BNY Melon and just ask about how they keep client digital assets safe, what guarantees are there, and how they are regulated, and of course fees, etc.

coinfeeds-bot

tldr; Ben Slavin, Global head of ETFs at the Bank of New York Mellon (BNY Mellon), has confidence that a Bitcoin Exchange Traded Fund (ETF) shall be in place before the end of 2021. Slavin acknowledged that the bank was receiving a tremendous amount of demand from its asset management and institutional clients for services related to cryptocurrencies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

obrian_99

though it would be good to learn the difference between a legit exchanges (CME, BAKKT), custody platforms like BNY Melon, and bucket shops like binance, coinbase. It'd be a shame to lose you coins due to fraud, or counter party risk.

obrian_99

if you dont trust your oen abilities to keep your coin safe, BNY Melon's custody service is probably your next best bet. absolutely AVOID the bucketshops like binance, coinbase, they re not regulated and WILL run off with your coins at some point.

heyheoy

This, BNY Mellon and other banks are opening an exchange next week i think, we will see greener days. Its the old guard getting in, i hope yall got all the sats and gwei you could!

EpicHasAIDS

What is going to be interesting is the next evolution when the large banks get involved. They'll no doubt set up custodial relationships with the same companies that are responsible for holding their stocks and bonds. When someone buys a stocks they don't insist on getting the physical certificates and putting them in their safe at home because custodians are trustworthy. The article today about BNY Mellon looking to get involved with a digital currency platform is a great indicator of this. I'd trust my "coins" all day long if I was dealing with a firm that was using them as a custodian because the risk or me losing keys is MUCH greater than them stealing my coins.

EpicHasAIDS

This is very, very interesting and has extremely positive implications. For those unaware, BNY Mellon is a custody bank which means it "holds" assets. If they are preparing for crypto assets this means they are getting indications of demand. As more "traditional" financial businesses begin to offer crypto there will need to be a custodian (you can't keep your crypto in a bank account) and a place like BNY Mellon would fit right in.

coinfeeds-bot

tldr; The Bank of New York Mellon will join State Street Corporation and four other banks in backing London-based cryptocurrency trading platform Pure Digital. The move suggests that both BNY Mellon and State Street, two of the largest custody banks in the world, are seeing growing interest in cryptocurrencies from their clients. Pure Digital plans to launch its trading service within a week. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The Bank of New York Mellon will join State Street Corporation and four other banks in backing London-based cryptocurrency trading platform Pure Digital. The move suggests that both BNY Mellon and State Street, two of the largest custody banks in the world, are seeing growing interest in cryptocurrencies from their clients. Pure Digital plans to launch its trading service within a week. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The Bank of New York Mellon will back the launch of a new London-based cryptocurrency exchange called Pure Digital, the first major bitcoin trading platform backed by a consortium of large banks. State Street and BNY Mellon will provide technology to Pure Digital and also trade on the platform. The first trade is expected to take place within a week. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The Bank of New York Mellon will join State Street Corporation and four other banks in backing London-based cryptocurrency trading platform Pure Digital. The move suggests that both BNY Mellon and State Street, two of the largest custody banks in the world, are seeing growing interest in cryptocurrencies from their clients. Pure Digital plans to launch its trading service within a week. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; US banks BNY Mellon and State Street join with four other companies in supporting the soon-to-be-launched Pure Digital platform. The platform is expected to be a fully automated OTC market for cryptocurrencies, with physical delivery and bank custody. Pure Digital co-founder Campbell Adams said his platform is not about working with banking institutions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The Bank of New York Mellon will back the launch of a new London-based cryptocurrency exchange called Pure Digital, the first major bitcoin trading platform backed by a consortium of large banks. State Street and BNY Mellon will provide technology to Pure Digital and also trade on the platform. The first trade is expected to take place within a week. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Corkkel85

BNY has been accumulating crypto heavy for years!

coinfeeds-bot

tldr; Grayscale Investments has appointed New York-based custodian BNY Mellon to provide accounting and administrative services for Grayscale Bitcoin Trust (GBTC). The move is intended to be a major step toward GBTC's eventual conversion into an exchange-traded fund. GBTC manages more than $20 billion worth of assets and has been cited as a key factor affecting Bitcoin's price. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Ardi2Ole

" Bank of America is reportedly taking a big first step into the crypto markets.The second-largest bank in the US has launched Bitcoin (BTC) futures trading for a select group of clients. Anonymous sources “with knowledge of the matter” say a small number of clients are already up and running, and additional clients are currently going through an onboarding process. The move would make Bank of America the latest in a string of financial institutions to support the emerging digital asset industry. #### In February, BNY Mellon announced it’s working on a platform that will allow clients to transfer, safekeep and issuance digital assets. In March, Morgan Stanley revealed it’s giving wealthy clients access to BTC. In April, Goldman Sachs said it plans to offer crypto exposure to clients in its private wealth management group. In May, crypto custody firm New York Digital Investment Group (NYDIG) and Fidelity National Information Services (FIS) confirmed they are working together to allow hundreds of US banks to support Bitcoin, the top crypto asset. "

coinfeeds-bot

tldr; Bank of America is reportedly launching Bitcoin futures trading for a select group of clients. The move would make Bank of America the latest in a string of financial institutions to support the digital asset industry. In February, BNY Mellon announced it’s working on a platform that will allow clients to transfer, safekeep and issuance digital assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Giwaov

Show this to people bearish on Bitcoin Just this week: • BNY Mellon partners with Grayscale • BoA approves Bitcoin trading futures • Square will launch Bitcoin DeFi • Fidelity will add 100 crypto employees • Visa to approve BTC debit card in Australia • Germany bank approve Bitcoin exposures

milonuttigrain

Grayscale is teaming up with the Bank of New York Mellon Corporation (BNY Mellon) as it awaits approval of its proposed Bitcoin exchange-traded fund (ETF).

Street_Bluejay

Grayscale Investments Forges Agreement with BNY Mellon to Provide Asset Servicing and ETF Services for Grayscale Bitcoin Trust GBTC

PortugalReviews

𝗗𝗶𝗴𝗶𝘁𝗮𝗹𝗔𝘀𝘀𝗲𝘁𝘀 𝗧𝗼𝗱𝗮𝘆 🙋‍♂️ Fidelity Digital Assets planning to hire 100 more people for crypto business 📽 Nifty Gateway launches social NFT platform with Warner Bros. Entertainment 📈 BNY Mellon will handle accounting and administration for Grayscale Investments bitcoin trust from October

coinfeeds-bot

tldr; Grayscale Investments has selected BNY Mellon to be its asset service provider for its Bitcoin Trust. BNY will provide Grayscale funds accounting and administration services starting October 1. This is a preparation step to convert the Bitcoin Trust into an exchange-traded fund (ETF). BNY is active in the cryptocurrency industry over recent months and recently invested in Fireblocks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Grayscale Investments has selected BNY Mellon to be its asset service provider for its Bitcoin Trust. BNY will provide Grayscale funds accounting and administration services starting October 1. This is a preparation step to convert the Bitcoin Trust into an exchange-traded fund (ETF). BNY is active in the cryptocurrency industry over recent months and recently invested in Fireblocks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Grayscale Investments has signed a deal with BNY Mellon to act as the service provider for the Grayscale Bitcoin Trust (GBTC). Starting from October 1, the world’s largest asset services company will provide GBTC with fund accounting and administration services. Once plans to convert GBTC into an exchange-traded fund (ETF) come to fruition, it will then provide transfer agency and ETF services. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Grayscale Investments has selected Bank of New York Mellon as its asset servicing provider for the Grayscale Bitcoin Trust. The move is part of the firm’s commitment to converting its Bitcoin trust into an exchange-traded fund. BNY Mellon has become actively involved in the cryptocurrency space in recent months. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Grayscale will offload fund account and administration functions for the Grayscale Bitcoin Trust to BNY Mellon in October. The deal sets the stage for the firm's plans to convert GBTC into an exchange-traded fund. Despite a recent slide in crypto prices and its AUM, it is still the largest cryptocurrency asset management. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Grayscale Investments has signed a deal with BNY Mellon to act as the service provider for the Grayscale Bitcoin Trust (GBTC). Starting from October 1, the world’s largest asset services company will provide GBTC with fund accounting and administration services. Once plans to convert GBTC into an exchange-traded fund (ETF) come to fruition, it will then provide transfer agency and ETF services. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Grayscale will offload fund account and administration functions for the Grayscale Bitcoin Trust to BNY Mellon in October. The deal sets the stage for the firm's plans to convert GBTC into an exchange-traded fund. Despite a recent slide in crypto prices and its AUM, it is still the largest cryptocurrency asset management. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Grayscale has announced a new agreement with BNY Mellon to be a servicing provider for the Grayscale Bitcoin Trust. The trust will provide the trust with fund accounting, administration services and also help in the trust's eventual conversion to an ETF when regulations permit. The new agreement will offer Graycale "improved scalability, resiliency, and automation" *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Grayscale Investments has partnered with America’s oldest bank, BNY Mellon, to provide the Grayscale Bitcoin Trust with fund accounting and administration starting later this year. The bank will also provide transfer agency and ETF Services if the Securities and Exchange Commission approves the Bitcoin Trust's application to become an exchange-traded fund. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Grayscale Investments has announced that it has chosen BNY Mellon to serve as the asset servicing provider for the Grayscale Bitcoin Trust. The deal, which will come into effect on October 1, 2021, will offer fund accounting and administration services for the Bitcoin Trust as part of this arrangement. BNY is also expected to offer transfer agency and ETF services once it is converted to an *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

flying_bacon

Grayscale will work with BNY Mellon to help with the eventual conversion from a Trust to an ETF

coinfeeds-bot

tldr; Bank of America has formed a new team of experts to study cryptocurrencies, led by Alkesh Shah. The research would focus on technology related to the digital asset sector. Bank of America is the latest in a long line of US banking giants to play big on the cryptocurrency ecosystem. JP Morgan, Goldman Sachs, BNY Mellon, and other big US banks have begun to offer Bitcoin and cryptocurrency investment vehicles to their clients. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

jasonluxton

*In the message, Candace Browning, Bank of America’s head of worldwide research, stated,* *Cryptocurrencies and digital assets constitute one of the fastest-growing emerging technology ecosystems. We are uniquely positioned to provide thought leadership due to our strong industry research analysis, market-leading global payments platform, and our blockchain expertise.”* *Bank of America is the latest in a long line of US banking giants to play big on the cryptocurrency ecosystem. JP Morgan, Goldman Sachs, BNY Mellon, and a number of other big US banks have begun to offer Bitcoin and cryptocurrency investment vehicles to their clients.* *For years, Bank of America has dabbled in blockchain technology, crypto’s more reputable cousin. It filed a patent application for a permissioned, or invite-only, blockchain to record internet-of-things (IoT) node data in 2018, one of many patents it is pursuing, and it began hiring for many blockchain positions in 2019.*

Redditisapuppet

u/xFxD What is the main point of your post? A. Are you trying to warn people in general of the volatility of crypto assets (tokens and coins); B. Are you telling people to sell their holdings? C. Are you just being a helpful individual with a repeated warning that most of us hear everyday "don't invest what you can't afford to lose"? D. Are you just trying to spread Fear, Uncertainty, and Doubt? I understand your post in all aspects HOWEVER, as you mention the Bull vs. Bear Markets they are and always will be crucial to any asset––Regardless of platform. Bonds, ETF's, Mutuals, Crypto, etc. Although, you did not mention the MASSIVE change in the ecosystem from 2013/2014, 2017 and 2021. The ultimate change as mentioned is adoption and adaptation. In all the previous years, Countries have not adopted Cryptocurrency (CC) as legal tender, until now. VISA and Mastercard have not provided an option for literally millions of merchants worldwide to exchange CC with one another, until now. Mass buying, trading and holding on an institutional level has not happened, EVER, until now. Massive global billion and trillion dollar companies (BNY Mellon, Goldman Sachs, BlackRock) have not invested or even hinted at investing either themselves or to their investors, until now. I could go on and on. So as much as I agree with you that the markets will always have ups and downs, the markets will always have volatility, and yes " Do not invest, what you can not lose". I do disagree with you that things have changed –NOW, whether for better or for worse, only time will tell. Personally, I am hoping for the latter.

MillennialBets

Microsoft, Goldman Sachs, JPM, Intel, BNY - all are a part of the ethereum enterprise alliance. No other crypto currency has similar backing and help to make it scalable. ETH 2.0 is happening. EIP 1559 is already live on test nets. A quarter of a trillion dollar market cap takes time to add things. There are tons of other coins with similar tech to cardano and Eth 2.0 already out there. Harmony is one. The difference is that they don’t have the software or network effect which is why ethereum is light years ahead. Hoskinson is also one shady dude. If ADA wasn’t diluted to a dollar people wouldn’t pay nearly the same amount of attention to it.

coinfeeds-bot

tldr; US asset manager State Street Corporation has launched a digital finance division. The division will focus on cryptocurrency, blockchain technology, central bank digital currencies (CBDCs), and tokenization. State Street currently boasts $3.6 trillion worth of assets under management and $40.3 trillion in custodied assets. It is the second major global custodian to launch digital asset services, following BNY Mellon. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; BNY Mellon has established a "Digital Innovation Hub" in Dublin, Ireland. The hub will allow clients to hold, transfer and issue digital assets including bitcoin, non-fungible tokens (NFTs), and central bank digital currencies (CBDCs). BNY Mellon is America’s oldest banking institution through its predecessor Bank of New York, which merged with Mellon Financial Corporation in 2007.{} *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Jollyapeinheaven

All the banks are coming to Bitcoin in the next 6 months! - Wells Fargo - Morgan Stanley - Goldman Sachs - JPMorgan - Citibank - Deutsche - BNY Mellon - DBS + hundreds more! They’re going to push Bitcoin to tens of millions of customers. HSBC is gonna miss out.

Heuvelgek

>Despite not having to file their positions on their 13F forms, hedge funds and investment banks are very much involved in cryptos. To comment on this core premise, where are these hedge funds/private equity funds keeping their crypto? BNY (and to a lesser extent, JPM and StanChart) only recently opened their custody business for Crypto. If this was all kept at Coinbase Custody, it would be a much larger custodian than currently reported. Furthermore, who are the prime brokers for their acquisitions? Is it all derivatives, or actual buying of coins? I think people are underestimating how hard it still is for larger funds to enter the crypto sphere, in a way that allows them to meet the risk control frameworks as set-out in their offering memorandums.

ultron290196

>Also pretty sure there ARE banks and institutional investors, including some state entities, now holding large sums of cryptoassets. Grayscale, BNY Mellon, JP Morgan, all started dabbling into Crypto. Microstrategy, Tesla, Square, etc in terms of institutional investors. New Zealand has invested in BTC for their retirement treasury.

squidgeroooo

He said as he shuffled some more money into BNY Mellon

squidgeroooo

This is weird because, why don't they just shut up about it if they don't like it, why keep banging on about it? BRK owns 8.4% of BNY Mellon, who are going big on BTC, thereby he is enabling kidnapping and extortion etc.

coinfeeds-bot

tldr; US bank BNY Mellon has conceded that choosing stocks of companies mining gold instead of BTC-investing firms has led to underperformance by some of its funds in Q1 2021. The bank outlined MicroStrategy, which owns over 90,000 bitcoins, as the biggest missed opportunity. The fund's position in Alamos Gold, a gold mining company, hampered performance as shares were hurt by weak gold prices. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Bank of New York Mellon has declared that its small-cap exchange-traded fund would have performed better if it had purchased MicroStrategy’s stock. The fund failed to reach the 41.7% profit generated by its benchmark, the Russell 2000 index, in the same period. BNY Mellon is making plans to dive deeper into cryptocurrencies by launching a bitcoin and altcoins custodial service for its clients. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Gorilloneduro

The dev wallet owns **100.00%** of the [BNY/BNB LP Supply](https://bscscan.com/token/0x3311cfc8ea4C03a3cF7392ce1B325D81fdF50093#balances)

Gorilloneduro

The dev wallet owns **100.00%** of the [BNY/BNB LP Supply](https://bscscan.com/token/0x3311cfc8ea4C03a3cF7392ce1B325D81fdF50093#balances)

sh1ftyswar

I worked for BNY Mellon and even my shitbird low position had to get tons of training on how to avoid laundering money.

crypto-tldr-bot

TLDR: Despite the growing embrace of cryptocurrencies among institutions and retail investors, HSBC is sticking to its policy of avoiding virtual currencies and stocks correlated to them. These include BNY Mellon, which announced the introduction of crypto custodial services and Morgan Stanley, which will roll out a bitcoin offering to wealth management clients and is reportedly mulling exposure in Bitcoin through its investment arm, Counterpoint Global. _I'm a bot, and this is an auto-generated summary. Please always do your own research before investing in crypto. 🚀_

pale_blue_dots

I posted this elsewhere and think it fits here, too: >With Coinbase going public, institutions like BNY Mellon, Blackrock, Tesla, PayPal and on and on - investing and, subsequently, lending credence - the cryptocurrency/blockchain/distributed ledger space has *never* had as much worldwide interest, investment, and credibility as there is today. The same will be true tomorrow and the following day and the day after that - continuing on for a considerable amount of time. >What Ethereum and other cryptocurrencies and distributed ledgers are capable of is truly astounding and thoroughly disruptive. When it comes to basic economics and something as simple as *value transfer* and, even, more simply *value* itself - DLT is mind bogglingly amazing. Words can hardly do justice for what positive change can come culturally, sociologically, and economically. >We're talking about something like the separation of money and state in longer terms - and something like the upending and end of extreme usury and gouging in shorter terms. **The amount of sheer, unadulterated value and innovation encapsulated and made readily available and useable by DLT is practically impossible to put into dollar amounts andor words.** In short, I think that there's very slim chance we'd see anything like you're describing from ~2018. As another comment said, there's a lot of big money and smart money ready to snap anything up.

pale_blue_dots

With Coinbase going public, institutions like BNY Mellon, Blackrock, Tesla, PayPal and on and on - investing and, subsequently, lending credence - the cryptocurrency/blockchain/distributed ledger space has *never* had as much worldwide interest, investment, and credibility as there is today. The same will be true tomorrow and the following day and the day after that - continuing on for a considerable amount of time. What Ethereum and other cryptocurrencies and distributed ledgers are capable of is truly astounding and thoroughly disruptive. When it comes to basic economics and something as simple as *value transfer* and, even, more simply *value* itself - DLT is mind bogglingly amazing. Words can hardly do justice for what positive change can come culturally, sociologically, and economically. We're talking about something like the separation of money and state in longer terms - and something like the upending and end of extreme usury and gouging in shorter terms. **The amount of sheer, unadulterated value and innovation encapsulated and made readily available and useable by DLT is practically impossible to put into dollar amounts andor words.**

pale_blue_dots

With Coinbase going public, institutions like BNY Mellon, Blackrock, Tesla, PayPal and on and on - investing and, subsequently, lending credence - the cryptocurrency/blockchain/distributed ledger space has *never* had as much worldwide interest, investment, and credibility as there is today. The same will be true tomorrow and the following day and the day after that - continuing on for a considerable amount of time. What Ethereum and other cryptocurrencies and distributed ledgers are capable of is truly astounding and thoroughly disruptive. When it comes to basic economics and something as simple as *value transfer* and, even, more simply *value* itself - DLT is mind bogglingly amazing. Words can hardly do justice for what positive change can come culturally, sociologically, and economically. We're talking about something like the separation of money and state in longer terms - and something like the upending and end of extreme usury and gouging in shorter terms. **The amount of sheer, unadulterated value and innovation encapsulated and made readily available and useable by DLT is practically impossible to put into dollar amounts andor words.**

coinfeeds-bot

tldr; Credit card giant Visa has announced it will allow the use of USD Coin to settle transactions on its payment network. Visa is already partnering with 35 digital currency platforms, including Crypto.com, BlockFi and Bitpanda, which collectively have more than 50 million active users. The move comes as major finance institutions including BNY Mellon, BlackRock and Mastercard have embraced some digital coins. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfabulator

I think rather than you coming across as super pro crypto or bitcoin, instead phrase it like this: I am concerned that with large banks such as BNY Mellon, Goldman Sachs, and Morgan Stanley entering the crypto space, that we will appear behind our competitors. Are we investigating a way forward that allows us to offer tangible crypto services to our clients while tailoring the products to their risk levels?

coinfeeds-bot

tldr; Bitcoin hit a record of $62,575 on Tuesday, extending its 2021 rally to new heights. The world's biggest cryptocurrency has more than doubled in price this year amid growing mainstream acceptance as an investment and a means of payment. Major firms including BNY Mellon, Mastercard and Tesla are among those to have embraced or invested in cryptocurrencies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; BNY Mellon, the world’s largest custodian, would be the service provider for a proposed bitcoin exchange-traded fund (ETF) that would be offered by First Trust Advisors and SkyBridge Capital. The custody bank would provide ETF basket operations, order taking, fund accounting, fund administration and transfer agency services. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

corsaiLucascorso

They are all smelling the money and have serious FOMO. They bashed it and now BNY Mellon, State Street, Morgan Stanley and more are jumping on the band wagon. I’m definitely bullish crypto but cautious when banks get involved.

pinoygs

If an institution BNY Mellon can afford to buy Bitcoin, there's no reason for a tech company to do so.

leaflavaplanetmoss

Check out this report on Bitcoin valuation by BNY Mellon from a few weeks ago. The s2fx model is the last one talked about in that report and it doesn't give the long-term valuation, but the 2nd link is a chart against time using the same model created by the model's developer PlanB: [https://www.mellon.com/c/document\_library/get\_file?uuid=ba9bc143-80b6-2ec7-1c51-2c5fa7de1f95&groupId=264414](https://www.mellon.com/c/document_library/get_file?uuid=ba9bc143-80b6-2ec7-1c51-2c5fa7de1f95&groupId=264414) [https://twitter.com/100trillionUSD/status/1378661589205803011](https://twitter.com/100trillionUSD/status/1378661589205803011) That model puts $10M to be surpassed after the 2028 halving. Obviously, that's kind of wishful thinking and assumes the model continues to hold at that point.

Prayygu

So BNY Mellon is basically using PlanB's StocktoFlow Model as a data point for their research. BNY Mellon state the StF model is an interesting, yet "flawed in its simplicity" model. ​ Most likely they are adding the info as another data point for their own statistical/analytical models, not a prophetic one-size-fits-all solution. I think that is common sense, and pretty much the same way we all look at StF

coinfeeds-bot

tldr; BNY Mellon has published a study on the attributes of the crypto asset bitcoin and the precious metal gold. The study said that bitcoin "fits the description of a nascent currency" and that gold is a "worthy role model" for bitcoin. However, BNY Mellon is planning to "hold, transfer, and issue" bitcoin in February 2021. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Jtrades26

Secret has definite potential, was over $5 recently. Should look into ***Proton XPR*** too, huge potential when their full scale banking license is granted! Just hired a bank president by the name Lee Woolley - an executive from BNY Melon!

Anhowa123

So BNY releases a paper on bitcoin - in which it states 21 *billion* btc will be mined by *2033* Surely this isn't real? We still early. https://twitter.com/bitm1ke/status/1376304435815620615/photo/1

coinfeeds-bot

tldr; BNY Mellon, the world's largest custodian bank, is preparing to roll out crypto custody solutions. The move is a sign of the convergence of the traditional finance and crypto worlds, writes Jay Hao. Traditional financial institutions and investors entering the space legitimizes it like never before, he adds. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

boboskibob

Since BNY Mellon, BlackRock Inc and Mastercard Inc are all involved with crypto is only natural that visa starts to explore it. They don want to be left behind ....

Vyruz2

[BNY Mellon Bitcoin Valuation Paper](https://www.mellon.com/documents/264414/269919/blending-art-and-science-bitcoin-valuations.pdf/6739cd1d-5fa5-9c29-ce93-ac46320547c0?t=1615498375904) Another bank writing research and valuation metric reports on BTC. Big things are coming friends. HODL.

zeca1486

That’s just my opinion based on what I read which shows that some of the biggest banks in the world like BNY Mellon, not to mention even some of the biggest credit card companies are all buying into Bitcoin. They’re getting ready for its eventual rise.

CowboyTrout

Morgan Stanley and BNY melon. The fam has broken open. It might not take institutions overnight to join us here. But Wall Street is like us (apparently), is seeing the crypto market trend up and up. And their FOMOing in, it’s just classic stuff.

coinfeeds-bot

tldr; Cryptocurrency startup Fireblocks has raised $133 million in a Series C funding round led by Coatue, Ribbit and Stripes, with strategic investment from BNY Mellon and Silicon Valley Bank. Fireblocks was founded in 2018 by veterans of Israeli military intelligence including Michael Shaulov, who previously co-founded a mobile security startup, Lacoon Mobile Security. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

pale_blue_dots

Maybe, definitely a possibility. Though, there has never been more interest in DLT than now. From Paypal to Microstrategy to Blackrock to BNY Melon to untold people listening to all of that... hard to tell. :/