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BNY Mellon Engages With Banking Regulators to Offer Crypto Custody Services ‘at Scale’

[Sep 26 11:30 PM] BNY Mellon, one of the world’s largest custodian banks, is seeking to offer custody services for bitcoin and ether to exchange-traded product (ETP) clients. The bank is also eyeing large-scale growth in the crypto space, with plans to seek more…

BNY nears crypto custody for ETFs after SEC softens SAB 121 stance

[Sep 24 9:31 PM] Bank of New York Mellon will not be held to SEC accounting practices for client crypto custody after a review.

Goldman Sachs, BNY Mellon and Others Test Enterprise Blockchain for Tokenized Assets

[Mar 12 10:19 AM]

Grayscale met with SEC to discuss spot Bitcoin ETF details

[Nov 21, 2023 10:10 PM] Grayscale executives and lawyers met with the SEC to discuss a rule change to list the Grayscale Bitcoin Trust (GBTC).

Singapore introduces 5 new pilots to test asset tokenization

[Nov 15, 2023 4:14 AM] The latest initiatives 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

[Sep 4, 2023 5:30 PM] 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…

Big Banks, NY Fed’s Innovation Group See Merit in Digital Ledgers for Global Payments

[Jul 6, 2023 10:11 AM] 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…

BNY Mellon Embraces Long-Term Digital Asset Initiatives Across All Lines of Business

[May 16, 2023 7:30 AM] In a dynamic move towards digital transformation, BNY Mellon, one of the oldest banks in the United States, is pushing forward with its initiatives focused on distributed ledger technology, tokenization, and digital cash. Roman Regelman, the CEO of…

BNY Mellon CEO Says the Bank Is Going 'Incredibly Slow' on Crypto

[Apr 18, 2023 11:11 AM] 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

[Mar 20, 2023 11:30 AM] 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…

US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse

[Mar 17, 2023 8:00 AM] 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…

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

[Mar 12, 2023 8:30 PM] 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…

USDC bounces back toward $1 peg after Fed announcement

[Mar 12, 2023 6:24 PM] 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.

Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships

[Feb 24, 2023 6:05 PM] On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate…

Bank of New York Mellon: ‘Clients Are Absolutely Interested in Digital Assets’

[Feb 10, 2023 7:30 PM] Bank of New York Mellon (BNY Mellon) has revealed that its clients “are absolutely interested in digital assets.” Emphasizing the need for clear crypto regulation, the bank’s head of digital assets noted: “We need…

Ebay Expands Into NFT and Web3 Space With New Job Openings

[Feb 3, 2023 12:30 AM] The online marketplace giant, Ebay, is seeking to fill several positions in the area of Web3 and non-fungible token (NFT) technology, according to several Linkedin job postings. Ebay is looking for a “creative crypto attorney” for the…

A Crypto Holiday Special: Past, Present, And Future With Ex BNY Mellon David Shwed

[Dec 25, 2022 12:00 PM] 2022 is coming to an end, and our staff at NewsBTC decided to launch this Crypto Holiday Special to provide some perspective on the crypto industry. We will talk with multiple guests to understand this year’s highs and lows for crypto. In the…

New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’

[Nov 19, 2022 4:30 PM] Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and…

Banks still show interest in digital assets and DeFi amid market chaos

[Nov 18, 2022 9:49 AM] Traditional financial institutions continue to demonstrate use cases for digital asset support, along with DeFi capabilities, despite current market conditions.