BNY

drugv2

This is not a matter of "maybe" or "most probably" they're gonna use ethereum. BNY Mellon who is behind this move already confirmed ethereum blockchain is to be used. Thus I raise the question for the 100th time. Why do you think Blackrock avoids any and all mention of ethereum, despite being it's current most worked-on asset?

drugv2

May: PECTRA update comes and allows validator staking >2000 eth, making it fantastically easier for whales/institutions June: US fed rates may go lower than the eth staking APY July: ETH ETF staking may be approved and all the etf providers rushing for a form amendament to allow staking. Further things down the line: RWA's coming on-chain( Fidelity, Blackrock, BNY mellon) and stablecoin growth. Scaling the L1 is \*now\* primary focus of vitalik's EF as well as the new EF. - Increase speed, lower fees even more, increase burn. MegaETH is becoming a better Solana than Solana.

drugv2

May: PECTRA coming live bringing instituion staking (>2000 eth per validator) June: US FED rates possibly coming down beneath ETH staking APY June and onwards: First ETF staking is approved by the SEC, rest of the issuers start applying Bonus plans in the next year as shared from the devs: connect the L2's through better UI, make them pay adequately security, scale L1 transaction speed and costs, make eth supply burn operate on a much lower treshold, enjoy the RWA's and stablecoin growth activity brough to you by Blackrock, Fidelity and, from last week officially, the behemonth BNY mellon. Fun fact: megaETH is becoming a better Solana than Solana itself. Do with that information what you will. Eth is dead though.

biba8163

> metrics are facts.... facts that matter Your meme narratives and scam metrics to shill ETH to gullibles are NOT facts > Ethereum is king King of what? BTC is almost 10X the marketcap of ETH. Sure Ethereum is the King of creating Shitcoin Scams Tokens but nothing else > Over 25 of the top 100 cryptocurrencies by market cap are built on Ethereum. 25 Scam Tokens! Impressive. Ethereum used to have more before. In January 2018, 32 out of the top 100 coins were ERC-20 Meme Tech vaporware rugpulls were on Ethereum. There were over 500 Ethereum ICOs in 2017/18 that stole most of investors money. These tokens and projects mostly end up the same. Only thing it proves is that Ethereum is the King of Shitcoin Scams. https://coinmarketcap.com/historical/20171228/ > Over 50% of all Total Value Locked is on Ethereum TVL is a scam metric based on scam tokens locked up to make gullible fools believe real capital is locked up instead of vaporware scam tokens. > 81% of all tokenized RWAs are on Ethereum 97% of RWA are just Stablecoins available across competing shitcoin networks including Solana, BSC, Tron, L2/Sidechains. Even if the whole world needed public blockchain tokens for transactions, the tokens would not go up in price. Competing networks that provide rails for any time of widely adopted tokenization will need to remain cheap in order to compete. Evidence here is, Stablecoin supply has gone up 120% > The world’s leading financial institutions have either launched or are developing on Ethereum, including BlackRock, Fidelity, Deutsche Bank, BNY Mellon, Visa, Sony, etc. Since March 2024, mETH Heads started shilling BlackRock BUIDL, Soneium, RWA memes and ETH is down -60% since then. It's mostly niche use cases, trials and pilots. Also, ETH Maxis said, Blackrock is only building on Ethereum. They've also started using multiple chains now including Aptos, Arbitrum, Avalanche, Optimism and Polygon. https://np.reddit.com/r/CryptoCurrency/comments/1bkm1u1/blackrock_unveils_crypto_fund_first_with_5/ > Nothing else is even close BTC has a 22% annual return over a ~7 year period. ETH returns ~1%, ETH is not even close. Hell, if you want to earn just as much as ETH at ZERO risk, then you can stake FIAT which guarantee ~5% returns which is 5X better than ETH.

admin_default

Ethereum is king. Over 25 of the top 100 cryptocurrencies by market cap are built on Ethereum. Solana has just 1 project in the top 100. Over 50% of all Total Value Locked is on Ethereum 81% of all tokenized RWAs are on Ethereum The world’s leading financial institutions have either launched or are developing on Ethereum, including BlackRock, Fidelity, Deutsche Bank, BNY Mellon, Visa, Sony, etc. https://ethereumadoption.com/ Nothing else is even close.

Numerous_Ruin_4947

Think of Ethereum as a multi-core CPU. And Solana as a single-core CPU. The world is more like a multithreaded application with many different use cases. Why would banks, institutions and companies like Sony want to share the Solana blockchain with degen MEME traders? When Trump released his MEME, Solana choked. There are threads here on Reddit where people complained about their failed transactions. Many banks have now initiated engagement with Ethereum. The oldest bank in America, BNY, just announced they would broadcast some data to Ethereum. European banks have also indicated an interest in Ethereum.

Numerous_Ruin_4947

Oh boy, if it is dying, why are banks and companies developing projects on Ethereum? Ethereum has the highest TVL and stablecoins supply. Staking is near an ATH. Transaction volume is increasing. You don't know what you're talking about. [https://www.bny.com/corporate/global/en/about-us/newsroom/press-release/bny-expands-digital-asset-platform-with-launch-of-innovative-on-chain-offering.html](https://www.bny.com/corporate/global/en/about-us/newsroom/press-release/bny-expands-digital-asset-platform-with-launch-of-innovative-on-chain-offering.html) New York, April 3, 2025 -- The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services company, today announced the expansion of its Digital Asset Platform with the launch of its Digital Asset Data Insights product, designed to securely and efficiently deliver both on- and off-chain data across blockchain networks. The launch underscores BNY’s ambition to serve an expanded, fundamental role in the lifecycle of tokenized assets. **With the BNY data on-chain capability, BNY will broadcast select fund accounting data to the Ethereum network**, enabling further utility of public blockchains. Using smart contract technology, BNY will automate data consumption so that investors and on-chain participants may further capitalize on distributed ledger technology (DLT).

biba8163

Banks, Money Transfer companies and Financial Instituitions have stated over and over again that they cannot use shitcoins like XRP, XLM, etc which have been scamming gullible crypto investors as money transfer solutions for banks and financial institutions: Here is JP Morgan on the how Stablecoins and CBDCs are unlocking billions in value in global money transfers but shitcoins like XRP aren't used: - High volatility of XRP leading to limited willingness from banks in using it to facilitate payments - Relatively high costs owing to spreads between fiat and XRP https://www.jpmorgan.com/onyx/documents/mCBDCs-Unlocking-120-billion-value-in-cross-border-payments.pdf?trk=article-ssr-frontend-pulse_little-text-block Even Ripple has said Stablecoins are the future for *"efficiently transfer value across borders"* and they are launching their own Stablecoin: > Stablecoins like USDC offer a revolutionary pivot... efficiently transfer value across borders, bypassing traditional banking systems and eliminating many associated risks....Lower transaction costs compared to traditional banking. As low-fee alternatives to traditional money transfer methods, stablecoins can facilitate global transfers without foreign exchange fees. As the integration of stablecoins into the banking system continues, they promise to reshape the financial world, offering enhanced efficiency, inclusivity and innovation. This evolution is not just about adopting new technologies but is a step towards a more interconnected and resilient global financial system. https://ripple.com/reports/the-functional-evolution-of-digital-assets.pdf Not only are banks using Stablecoins but banking giants like JP Morgan, Mitsubishi UFJ Financial Group , etc have their own blockchain networks, coins, tokenized assets. The idea that banks and financial institutions are all going to be using XRP or XLM is a scam hype narrative to dump useless tokens on gullible crypto investors: - JPM Coin from banking giant JP Morgan is a bank coin. (Note, JPMorgan has rebranded JPM Coin to Kinexys Digital Payments) - Progmat Coin from Japanese giant Mitsubishi UFJ Financial Group is a bank coin. You will hear bankers talking about banking coins, their permissioned institution-to-institution networks that create deep liquidity pools for moving money world wide. You will never hear these big banks working with Ripple to use XRP. > We move 10 Trillion dollars around the world every day. JPM Coin institution-to-institution solution to major inefficiencies of the current payment system. . Working in a permissioned environment with companies that are trusted and trust each other. Where they can move money within the ecosystem 24/7. Today we move a billion dollars every day for a number of large companies.......the next step is how to bring a retail version of that to consumers. Obviosly central bank digital currencies are one way to do it but there is also an opportunity for banks to create commercial versions of that. That is the next version for us for innovation. https://www.bloomberg.com/news/videos/2023-10-26/jpmorgan-s-georgakopoulos-on-global-payments-strategy-video > Last year, MAS launched the Global Layer One (GL1) initiative to foster the development of a public permissioned foundational digital infrastructure, upon which commercial networks could be deployed creating an open, digital infrastructure enabling cross border transactions and global liquidity pools. Since the launch, MAS and a core group of global banks, namely BNY, Citi, J.P. Morgan, MUFG and Societe Generale-FORGE, have been leading efforts to define the business, governance, risk, legal and technology requirements of the GL1 Platform. > The Kinexys Digital Payments removes traditional treasury friction points and is ideal for managing real-time liquidity through cross-border payments beyond currency cut-off or non-banking hours, such as on banking holidays and weekends. https://developer.payments.jpmorgan.com/docs/treasury/global-payments/capabilities/global-payments-2/jpm-coin-system > Mastercard (MA) has connected its blockchain-based system for shifting tokenized assets, the Multi-Token Network (MTN), with JPMorgan’s (JPM) recently rebranded digital assets business Kinexys https://www.coindesk.com/business/2024/11/21/mastercard-and-jpmorgan-link-up-to-bring-foreign-exchange-on-the-blockchain

uncapchad

It seems all BTC service providers & custodians - RH, Coinbase, BNY Mellon, Swan, River et al - are prohibited from allowing BTC withdrawals to NY people. You may only withdraw US$ or transfer BTC to an approved, custodial service. Searches on this sub don't yield many solutions apart from perhaps trying a VPN set to a permitted State. I can't get over how you have paid for something and yet are not permitted to take ownership. Like having paid cash for a car but can only visit it in the showroom. Laws are weird.

ThriceHawk

Chainlink is integrated throughout a majority of crypto and is a crucial piece. Coinbase, Hedera, Aave, Arbitrum, Ripple, Solana, Tron, on and on... are all partnered with or integrated with Chainlink. Then, they have a massive reach into traditional finance, bridging the gap with crypto. They're partnered with SWIFT, Fidelity, The DTCC, UBS, Citi, JP Morgan, BNY Melon, BNP Paribas, Edward Jones, ANZ, Franklin Templeton, Trump's World Liberty Financial, the Central bank of Brazil, etc. SWIFT is going live in production with Chainlink later this year for their 11,500 financial institutions.

coinfeeds-bot

tldr; State Street and Citi are reportedly considering offering crypto custody services to institutional investors, traders, and large funds. State Street plans to roll out these services next year, while Citi is exploring a dual approach of developing its own services and partnering with external firms. This move follows Citi's successful proof of concept on tokenizing private funds. The trend reflects growing institutional interest in digital assets and a favorable regulatory environment. BNY Mellon is also expanding its crypto custody offerings. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

biba8163

Reminder that banking giants like JP Morgan, Mitsubishi UFJ Financial Group mentioned here, etc have their own blockchain networks, coins, tokenized assets. The idea that banks and financial institutions are all going to be using Ripple, Ethereum, or the token you're invested in is bagholder delusion. - JPM Coin from banking giant JP Morgan is a bank coin. (Note, JPMorgan has rebranded JPM Coin to Kinexys Digital Payments) - Progmat Coin from Japanese giant Mitsubishi UFJ Financial Group is a bank coin. You will hear bankers talking about banking coins, their permissioned institution-to-institution networks that create deep liquidity pools for moving money world wide. You will never hear these big banks working with Ripple to use XRP. > We move 10 Trillion dollars around the world every day. JPM Coin institution-to-institution solution to major inefficiencies of the current payment system. . Working in a permissioned environment with companies that are trusted and trust each other. Where they can move money within the ecosystem 24/7. Today we move a billion dollars every day for a number of large companies.......the next step is how to bring a retail version of that to consumers. Obviosly central bank digital currencies are one way to do it but there is also an opportunity for banks to create commercial versions of that. That is the next version for us for innovation. https://www.bloomberg.com/news/videos/2023-10-26/jpmorgan-s-georgakopoulos-on-global-payments-strategy-video > Last year, MAS launched the Global Layer One (GL1) initiative to foster the development of a public permissioned foundational digital infrastructure, upon which commercial networks could be deployed creating an open, digital infrastructure enabling cross border transactions and global liquidity pools. Since the launch, MAS and a core group of global banks, namely BNY, Citi, J.P. Morgan, MUFG and Societe Generale-FORGE, have been leading efforts to define the business, governance, risk, legal and technology requirements of the GL1 Platform. > The Kinexys Digital Payments removes traditional treasury friction points and is ideal for managing real-time liquidity through cross-border payments beyond currency cut-off or non-banking hours, such as on banking holidays and weekends. https://developer.payments.jpmorgan.com/docs/treasury/global-payments/capabilities/global-payments-2/jpm-coin-system > Mastercard (MA) has connected its blockchain-based system for shifting tokenized assets, the Multi-Token Network (MTN), with JPMorgan’s (JPM) recently rebranded digital assets business Kinexys https://www.coindesk.com/business/2024/11/21/mastercard-and-jpmorgan-link-up-to-bring-foreign-exchange-on-the-blockchain

biba8163

> It sounds like a bank coin XRP is not a bank coin. It's a scam with a pitch that it is a bank coin. - JPM Coin from banking giant JP Morgan is a bank coin. (Note, JPMorgan has rebranded JPM Coin to Kinexys Digital Payments) - Progmat Coin from Japanese giant Mitsubishi UFJ Financial Group is a bank coin. You will hear bankers talking about banking coins, their permissioned institution-to-institution networks that create deep liquidity pools for moving money world wide. You will never hear these big banks working with Ripple to use XRP. > We move 10 Trillion dollars around the world every day. JPM Coin institution-to-institution solution to major inefficiencies of the current payment system. . Working in a permissioned environment with companies that are trusted and trust each other. Where they can move money within the ecosystem 24/7. Today we move a billion dollars every day for a number of large companies.......the next step is how to bring a retail version of that to consumers. Obviosly central bank digital currencies are one way to do it but there is also an opportunity for banks to create commercial versions of that. That is the next version for us for innovation. https://www.bloomberg.com/news/videos/2023-10-26/jpmorgan-s-georgakopoulos-on-global-payments-strategy-video > Last year, MAS launched the Global Layer One (GL1) initiative to foster the development of a public permissioned foundational digital infrastructure, upon which commercial networks could be deployed creating an open, digital infrastructure enabling cross border transactions and global liquidity pools. Since the launch, MAS and a core group of global banks, namely BNY, Citi, J.P. Morgan, MUFG and Societe Generale-FORGE, have been leading efforts to define the business, governance, risk, legal and technology requirements of the GL1 Platform. > The Kinexys Digital Payments removes traditional treasury friction points and is ideal for managing real-time liquidity through cross-border payments beyond currency cut-off or non-banking hours, such as on banking holidays and weekends. https://developer.payments.jpmorgan.com/docs/treasury/global-payments/capabilities/global-payments-2/jpm-coin-system > Mastercard (MA) has connected its blockchain-based system for shifting tokenized assets, the Multi-Token Network (MTN), with JPMorgan’s (JPM) recently rebranded digital assets business Kinexys https://www.coindesk.com/business/2024/11/21/mastercard-and-jpmorgan-link-up-to-bring-foreign-exchange-on-the-blockchain

ThriceHawk

Pretty much everything tied to crypto uses Chainlink (LINK). Coinbase uses them, XRP uses them, HBAR is partnered with them, AAVE and basically all of Defi uses them. Same with TradFi now. They're partnered with SWIFT and are going in production this year for their 11,500 financial institutions. Partnered with Fidelity, US Bank, Citi, JP Morgan, Franklink Templeton, BNY Melon, USB, BNP Paribas, ANZ, etc. Trump's WLF uses them and has purchased millions of LINK. The central bank of Brazil is using them alongside Microsoft for their CBDC. The list goes on and on. That's a network effect that outpaces almost every other crypto out there and should last a long time.

Crawwarch

This is an extremely well-backed project with major backing: Coinbase, BlackRock, Wellington Investments .. who have already started the process of tokenizing real world assets. They have partnered with BlackRock and already offer tokenized US Treasuries and held a massive conference in New York yesterday with speakers from TradFi and DeFi - the founder of LINK and execs from Franklin Templeton, Mastercard, BNY, etc. They announced the launch of a new blockchain on which they will offer tokenized Wall Street assets around the world with partnerships with said brokerages already in place. Yesterday, World Liberty Financial doubled their holdings of $ONDO. It’s going to be the means by which the entire world can invest in American assets that until now have not been available.

Crawwarch

I know this is outside the things we’re allowed to “discuss” here, but the ONDO Summit kick off in New York Thursday Feb 6. I feel like we should all be paying attention. Speakers include: - The founder of LINK - Chief Assets Manager, BNY - Head of Asset Management, Blackrock - Senior VP of Asset Management, Franklin Templeton - Former Chair of the House Financial Services Committee - Execs from Pantera, Mastercard, Citi, WisdomTree, DTCC, Ripple, and Wellington Investments $ONDO is not fucking around. While some Ondo announcement is certainly possible, just the breadth of finance relationships that they are cultivating can only be bullish. Downvote if you are agitated I didn’t shit on ETH or whatever.

ThriceHawk

Is this a troll? Chainlink is the one partnered with Swift. Swift is using Chainlink's technology to allow all of their 11,500 member institutions to integrate through their existing systems with any chain. Chainlink is partnered with almost all the major financial institutions... Fidelity, JP Morgan, The DTCC, Euroclear, USB, US Bank, Citi, Franklin Templeton, BNP Paribas, BNY Mellon, etc. Swift, and therefore all of these institutions as well, are using Chainlink because companies don't want to rely on, choose, or invest resources in buidling integrations for just any one blockchain, like Ripple. With Chainlink they'll be chain agnostic, able to use any popular one or (in many cases already) use their own.

ThriceHawk

I'd honestly love to see anyone find a project in crypto more crucial, with more large name partnerships. It should be top 3. It's already securing almost all of DeFi. Coinbase just partnered with them. Trump's WLF just partnered with them, and just bought up $2M in LINK. Swift, who provides the main messaging network through which international payments are initiated for 11,500 of the largest financial institutions in the world, is in pre-production with them. Going into production next year. The Central Bank of Brazil has announced they're using Chainlink and Microsoft for their CBDC. Partnerships with Fidelity, Euroclear, USB, JP Morgan, Franklin Templeton, ANZ, US Bank, BNP Paribas, BNY Mellon, Citi... on and on.

ShotgunMessiah90

Chainlink has become a key player in connecting blockchain with traditional finance through partnerships with institutions like JPMorgan, SWIFT, and BNY Mellon. Its collaboration with JPMorgan in the Smart NAV project used CCIP to tokenize real-world assets and share NAV data across blockchains. Chainlink also partnered with SWIFT to test CCIP, enabling financial institutions to integrate with blockchain networks. These collaborations underline Chainlink’s critical role in cross-chain communication and its importance to the future of blockchain adoption in finance.

cryptolipto

That right there is a competitor to what swift and chainlink have developed. Banks are lining up around the the block to use CCIP. Not ripples solution https://blog.chain.link/chainlink-banking-capital-markets-announcements/ Swift ⬡ Depository Trust and Clearing Corporation (DTCC) ⬡ Euroclear ⬡ Clearstream ⬡ Central Bank of Brazil ⬡ JP Morgan ⬡ State Street ⬡ UBS ⬡ BNY Mellon ⬡ Citi ⬡ BNP Paribas ⬡ Edward Jones ⬡ Franklin Templeton ⬡ Wellington Management ⬡ Invesco ⬡ Fidelity International ⬡ U.S. Bank ⬡ Lloyds Banking Group ⬡ ANZ Bank ⬡ MFS Investment Management ⬡ SBI Digital Markets ⬡ American Century Investments ⬡ Vontobel ⬡ Bancolombia ⬡ Mid Atlantic Trust d/b/a American Trust Custody ⬡ Banco Inter ⬡ Sygnum Bank ⬡ Six Digital Exchange ⬡ ADDX

JustStopppingBye

Chainlink will become more valuable than Ethereum once their platform with Swift goes live. >a big role in the blockchain landscape Chainlink is playing the biggest role for banks/institutions wanting to adopt blockchain. ⬡ Swift ⬡ Depository Trust and Clearing Corporation (DTCC) ⬡ Euroclear ⬡ Clearstream ⬡ Central Bank of Brazil ⬡ JP Morgan ⬡ State Street ⬡ UBS ⬡ BNY Mellon ⬡ Citi ⬡ BNP Paribas ⬡ Edward Jones ⬡ Franklin Templeton ⬡ Wellington Management ⬡ Invesco ⬡ Fidelity International ⬡ U.S. Bank ⬡ Lloyds Banking Group ⬡ ANZ Bank ⬡ MFS Investment Management ⬡ SBI Digital Markets ⬡ American Century Investments ⬡ Vontobel ⬡ Bancolombia ⬡ Mid Atlantic Trust d/b/a American Trust Custody ⬡ Banco Inter ⬡ Sygnum Bank ⬡ Six Digital Exchange ⬡ ADDX [https://blog.chain.link/chainlink-banking-capital-markets-announcements/](https://blog.chain.link/chainlink-banking-capital-markets-announcements/)

tryagainagainn

This sub is toxic af - he’ll get tens of millions in inheritance from me, but I was just asking for help with this solo asset. You guys suck. I’ll call my guy at BNY Mellon

cryptolipto

This is what’s up: ⬡ Swift ⬡ Depository Trust and Clearing Corporation (DTCC) ⬡ Euroclear ⬡ Clearstream ⬡ Central Bank of Brazil ⬡ JP Morgan ⬡ State Street ⬡ UBS ⬡ BNY Mellon ⬡ Citi ⬡ BNP Paribas ⬡ Edward Jones ⬡ Franklin Templeton ⬡ Wellington Management ⬡ Invesco ⬡ Fidelity International ⬡ U.S. Bank ⬡ Lloyds Banking Group ⬡ ANZ Bank ⬡ MFS Investment Management ⬡ SBI Digital Markets ⬡ American Century Investments ⬡ Vontobel ⬡ Bancolombia ⬡ Mid Atlantic Trust d/b/a American Trust Custody ⬡ Banco Inter ⬡ Sygnum Bank ⬡ Six Digital Exchange ⬡ ADDX

cryptolipto

Chainlink is working with and testing their product with : Swift. Depository Trust and Clearing Corporation (DTCC). Euroclear. Clearstream. Central Bank of Brazil. JP Morgan. State Street. UBS. BNY Mellon. Citi. BNP Paribas. Edward Jones. Franklin Templeton. Wellington Management. Invesco. Fidelity International. U.S. Bank. Lloyds Banking Group. ANZ Bank. MFS Investment Management. SBI Digital Markets. American Century Investments. Vontobel. Mid Atlantic Trust d/b/a American Trust Custody. Banco Inter. Sygnum Bank. Six Digital Exchange. ADDX. https://blog.chain.link/chainlink-banking-capital-markets-announcements/

cryptolipto

Swift. Depository Trust and Clearing Corporation (DTCC). Euroclear. Clearstream. Central Bank of Brazil. JP Morgan. State Street. UBS. BNY Mellon. Citi. BNP Paribas. Edward Jones. Franklin Templeton. Wellington Management. Invesco. Fidelity International. U.S. Bank. Lloyds Banking Group. ANZ Bank. MFS Investment Management. SBI Digital Markets. American Century Investments. Vontobel. Mid Atlantic Trust d/b/a American Trust Custody. Banco Inter. Sygnum Bank. Six Digital Exchange. ADDX. https://blog.chain.link/chainlink-banking-capital-markets-announcements/

ThriceHawk

Chainlink is in pre-production with freaking Swift. They are partnered with Citi, JP Morgan, Euroclear, the DTCC, UBS, Central Bank of Brazil, Fidelity, US Bank, ANZ, BNY Mellon, BNP Paribas, Franklin Templeton, Edward Jones. They have 2,776 integrations, including a vast majority of DeFi. Tell me one other crypto that is anywhere close to those names above.

ThriceHawk

They are already in pre-production with Swift... having partnered with Citi, Fidelity, US Bank, ANZ, Euroclear, Franklin Templeton, BNP Paribas, BNY Mellon, and the freaking DTCC. Brazil's central bank just announced they're piloting their CBDC with Microsoft and Chainlink. Even the Trump backed World Liberty Financial just partnered with Chainlink. Eric Trump and Donald Trump Jr. retweeted the announcement and Eric specifically commented on the partnership with Chainlink. It's actually doing everything that those like Ripple just day they are going to do. If Chainlink even just had XRP's current marketcap, it'd be worth $137... and it should be worth more than XRP if anything.

ThriceHawk

Yes and no. XRP will need Chainlink indirectly if they are ultimately succeeding. Chainlink won't need XRP to succeed. Right now Chainlink is actually accomplishing what XRP says it will. Chainlink is in pre-production with Swift, with production going live next year. That means all the financial institutions partnering... Citi, Fidelity, BNP Paribas, BNY Melon, the DTCC, Franklin Templeton, Euroclear, etc... will have the ability to integrate with blockchain through their existing systems already in place with Swift. So why would any of them need Ripple?

ThriceHawk

If someone is invested in XRP, but not LINK... Can you explain why? I've tried being objective and following each project... I'm invested in a number of different ones... But Chainlink is constantly being announced in massive integrations. Way more than others. They are in pre-production with Swift, with actual production slated for 2025... partnering with Citi, Fidelity, BNP Paribas, BNY Melon, Euroclear, the freaking DTCC.... Brazil's central bank just announced they're partnering with Microsoft and Chainlink for their CBDC. Even from a political perspective... the Trump backed WLF just integrated Chainlink. It was retweeted by Eric and Donald Trump Jr. Someone make it make sense.

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.