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BNY nears crypto custody for ETFs after SEC softens SAB 121 stance
24.9.2024
Bank of New York Mellon will not be held to SEC accounting practices for client crypto custody after a review
BNY Melon Get SEC Approval for Crypto Service, Ripple Shines
23.9.2024
In a groundbreaking development, BNY Mellon, the world’s largest custodial bank, has secured approval from the U.S. Securities…
39% of Family Offices Investing or Exploring Cryptocurrencies: BNY Mellon
6.6.2024
The 2024 BNY Mellon Wealth Management Study reveals a divided perspective among family offices regarding cryptocurrency investments. Approximately 39% of the surveyed family offices are either actively investing in cryptocurrencies or considering them, highlighting a keen interest in this modern...
DTCC, Chainlink Complete Pilot to Accelerate Fund Tokenization with JPMorgan, Templeton, BNY Mellon Participating
16.5.2024
The aim of the Smart NAV pilot was to test a process to bring and disseminate fund data on multiple blockchains, a key step for tokenization
Wall Street Whales Test Blockchain Waters: Goldman Sachs, BNY Mellon in Pilot
13.3.2024
Major institutions, including Goldman Sachs, BNY Mellon, and Cboe Global Markets, have successfully concluded a large-scale pilot test utilizing blockchain technology.
The post Wall Street Whales Test Blockchain Waters: Goldman Sachs, BNY Mellon in Pilot appeared first on Cryptonews
Goldman Sachs, BNY Mellon and Others Test Enterprise Blockchain for Tokenized Assets
12.3.2024
Grayscale met with SEC to discuss spot Bitcoin ETF details
22.11.2023
Grayscale executives and lawyers met with the SEC to discuss a rule change to list the Grayscale Bitcoin Trust (GBTC)
Singapore Announces Global Tokenization Initiative in Partnership With BNY Mellon, DBS, JPMorgan, and MUFG
17.11.2023
The Monetary Authority of Singapore (MAS) has announced a global tokenization initiative that seeks to allow tokenized assets to be exchanged by different financial institutions across borders. The initiative, touted by MAS officials as the evolution of Project Guardian, a series of tokenization...
First Mover Americas: Singapore Central Bank Tests Tokenization Alongside JPMorgan, BNY Mellon
15.11.2023
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 15, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Singapore introduces five new pilots to test asset tokenization
15.11.2023
The latest initiatives led by the Monetary Authority of Singapore aim to develop foundational capabilities to scale tokenized markets
BNY Mellon: US Dollar’s Global Reserve Status Safe Despite BRICS Expansion
5.9.2023
The Bank of New York Mellon has provided insights into why the growth of the BRICS economic alliance is unlikely to impact the U.S. dollar’s dominance as the global reserve currency. “We think the most important factor for dollar use into the next decade revolves around technology...
Alchemy Pay: Exploring the Development and Trends of the Emerging Crypto Payment Industry with High Demand
19.7.2023
With traditional commercial institutions like Visa, Mastercard, Tesla, BNY Mellon, BlackRock, Gucci and countries such as El Salvador, Central African Republic constantly expanding in the cryptocurrency field, more and more investors are starting to look at cryptocurrency with new eyes. In 2022...
Big Banks, NY Fed’s Innovation Group See Merit in Digital Ledgers for Global Payments
6.7.2023
Citigroup Inc., HSBC, BNY Mellon and other global financial giants have been experimenting with what they call a “regulated liability network” for conducting round-the-clock, wholesale payments using shared ledgers, and a paper released Thursday suggests the system has potential
BNY Mellon, Franklin Templeton Heads to Co-Chair New Digital Asset Panel
3.7.2023
BNY Mellon and Franklin Templeton have been appointed as co-chairs of the new Digital Assets Market Subcommittee by the US derivatives and commodities regulator.
Caroline Butler, the global head of digital assets at BNY Mellon, and Sandy Kaul, the head of digital and industry advisory services...
In Crypto Cybersecurity, Ambiguity May Help - Ex-BNY Mellon Exec
24.5.2023
Leaving room in guidelines for interpretation and for a developing sector to self-regulate, grow, and change – instead of setting rigid laws to strictly follow – is likely the best choice for crypto cybersecurity regulation, said David Schwed former head of digital assets technology at banking...
BNY Mellon Going 'Incredibly Slow' on Crypto Products
18.4.2023
Bank of New York Mellon (BK) said it doesn’t consider itself a crypto bank and will continue to move slowly investing in the space during its first quarter earnings call on Tuesday
First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower
20.3.2023
After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from 11 major financial...
US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse
17.3.2023
After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen lenders announced they will deposit $30 billion into...
USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement
13.3.2023
The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley...
USDC bounces back toward $1 peg after Fed announcement
13.3.2023
Positive developments concerning Circle's $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg