Money Makers Mentor

BNY Mellon and Mastercard jump on the crypto wagon in fear of missing out

BNY Mellon, the oldest bank of America announced its plans to create a multi-digital asset platform, this past week. The new platform will allow BNY customers to hold, transact and invest in digital assets like cryptocurrencies. 

The New York based-bank acts as a custodian for its banking clients. BNY keeps track of asset managers and brokers’ assets like bonds, securities, real estate or cash deposited in other accounts. The bank serves very specific customers who are interested in a financial institution providing custodial services for their assets. BNY Mellon also provides wealth management, treasury services and asset collateral services to their clients. 

Unlike other financial institutions, BNY aims to provide a platform which will act as a custodian for clients digital asset…

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