Time for a Reset of the Crypto Opportunity
December 2022
DIGITAL ASSETS
At the Intersection of Trust and Innovation
Today, our Digital Asset Custody platform bridges digital and traditional assets. Tomorrow, as we continue our innovation journey, we aim to develop an entire suite of digital asset services, including execution and tokenization.
From our existing Digital Asset Fund Services to our new Digital Asset Custody platform, we are accelerating the development of next-generation solutions. Offering a holistic view of traditional and digital assets, Digital Asset Custody brings it all together on one platform. And, we’ve designed it around an enhanced risk management framework that addresses the unique regulatory, operational and security needs of digital assets.
Security. Resiliency. Innovation.
Powering the future of finance.
SUPPORTING YOUR DIGITAL ASSET NEEDS
Nearly two centuries of direct custody expertise. A resilient platform with custody as the foundation for digital asset services. A modern infrastructure designed to scale. We aim to offer end-to-end servicing capabilities for the entire lifecycle of digital assets.
Bridging the custody and administration of both traditional and digital assets. Complementing our existing Fund Services for digital assets. We’re simplifying the view of your assets within today’s ever-changing financial market.
A multi-disciplinary team of expert talent. Investing in — and integrating — capabilities of leading fintechs. Persistent attention on expanding capabilities. Actively engaged with industry consortia, institutional clients, and technology experts. All so you can focus on accelerating your strategic initiatives and evolving your business.
DIGITAL ASSET SOLUTIONS
Custody: The Foundation of Future Innovation
Trust the world’s largest custodian for direct safekeeping and settlement of bitcoin and ether on your behalf.
Over
$43 trillion
traditional assets under custody
Over
$2 trillion
payments cleared and settled daily
Sole settlement agent for U.S. government securities
Now it all comes together. View your digital and traditional assets in one place, while leveraging pioneering technology and end-to-end, institutional-grade risk management processes — all built on one cohesive infrastructure. Digital Asset Custody for bitcoin and ether is initially available for select institutional clients in the U.S.
Fund Services
Expert Service for Your Digital Asset Needs
Leverage a market leader with comprehensive fund services
supporting digital and traditional currencies. Take advantage of
our global presence and commitment to quality service and risk
management to launch new products.
From accounting and administration to transfer agency and ETF
services, our integrated solutions are scalable and flexible,
with the ability to quickly assess new digital assets and
reconcile with major digital custodians.
Knowledgeable teams support clients across 21 funds.
Supporting Grayscale Bitcoin Trust with fund accounting and administration
Support for pure crypto funds with a wide range of currencies beyond bitcoin (BTC) and ether (ETH)
Future Solutions
Today, our custody platform bridges digital and traditional assets. Tomorrow, as we continue our innovation journey, we aim to develop an entire suite of services, including execution and tokenization.
THOUGHT LEADERSHIP
Digital Assets Institutional Research Survey
In June 2022, we sponsored a global survey of institutional asset managers, asset owners and hedge funds that was conducted by Celent.* Of the more than 270 buy-side institutional investors surveyed, 41% hold cryptocurrency in their portfolio today, with an additional 15% saying they plan to hold digital assets in their portfolios within the next two to five years. Other findings from this survey include the following:
88%
Even in the midst of the crypto
winter, institutional
investors
are still looking to move forward with their
plans to adopt digital assets.
72%
Overwhelmingly, institutional investors
are looking for
an integrated provider to
support their digital asset
needs.
TOP 3
Pain points with their digital asset custodians that survey respondents noted:
- Product features
- Legal and regulatory framework
- Consolidated view and management of traditional and digital assets
*Celent is a member of the Oliver Wyman group, a global research &
advisory firm.
This report was commissioned by BNY Mellon, at whose request Celent
developed this research. The analysis, conclusions, and opinions are
Celent’s alone.
DIGITAL ASSETS: FROM FRINGE TO FUTURE
Digital assets have entered the mainstream. See our report, which outlines the evolution of digital assets and the ways they are reshaping the financial ecosystem and highlights the infrastructure and collaboration needed to help digital assets reach full maturity and integrate seamlessly with traditional assets.
Considerations
that investors are demanding in an infrastructure for digital assets, which is comparable to the one that exists for traditional assets.
Categories
of requirements for the stable, reliable servicing of the entire asset lifecycle from issuance to custody, trading, and settlement to core fund servicing, accounting, and payments.
COLLABORATING TO EVOLVE
Engaging with Leading Fintechs to Help Forge the Industry’s Future
BLOCKCHAIN ANALYTICS TO DRIVE EFFICIENCY AND SECURITY
Support for on-chain transaction monitoring, Know Your Transaction (KYT) and Know Your VASP (KYV) processes.
WALLET INFRASTRUCTURE FOR CYBERSECURITY, SCALABILITY AND INNOVATION
Leveraging multi-party computation (MPC) technology that integrates with BNY Mellon systems.
MEDIA RELEASES & MENTIONS
BNY Mellon Launches New Digital Asset Custody Platform
October 2022
Circle Selects BNY Mellon to Custody USDC Reserves
March 2022
BNY Mellon to Provide Asset Servicing and ETF Services for Grayscale Bitcoin Trust
July 2021
BNY Mellon Invests in Cryptocurrency Storage Firm Fireblocks
March 2021
BNY Mellon Forms New Digital Assets Unit to Build Industry’s First Multi-Asset Platform
February 2021