Ripple has officially named The Bank of New York Mellon (BNY Mellon) as the lead reserve custodian of its future stablecoin, RLUSD. This selection comes with the administration of some $500 million in support assets, which speaks to the company’s serious intentions to position RLUSD as an enterprise-grade digital currency champion. The collaboration pits the company against one of international finance’s most experienced brands. BNY Mellon, listed on the NYSE under the ticker symbol BK, brings centuries-old custody solutions and a growing digital asset infrastructure footprint to the equation. The stablecoin RLUSD has […]
BNY Mellon
BNY Mellon to Offer Crypto Custody for ETPs Following SEC Liability Exemption
Thе Bаnk of Nеw York Mеllon (BNY) is nеаring thе lаunch of crypto custody for еxchаngе-trаdеd products (ETPs). This significаnt dеvеlopmеnt follows а rеcеnt rеviеw by thе Sеcuritiеs аnd Exchаngе Commission’s (SEC) Officе of thе Chiеf Accountаnt (OCA) thаt еxеmptеd BNY from clаssifying sаfеguаrdеd crypto аssеts аs liаbilitiеs on its bаlаncе shееt. This еxеmption from […]
BNY Mellon Has A strong Say On Digital Assets
BNY Mellon started offering its customers cryptocurrency custody services in October 2022. Companies and organisations seek to acquire digital assets as the world learns more about cryptocurrencies and the market grows. The demand for cryptocurrency services and alternative investment options is rising globally. Banks must instead provide customers a safe and regulated way to engage […]