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What BNY Mellon’s digital asset custody launch means for the crypto market

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12 October 2022

Crypto trading by institutional investors has been held back by their inability to do so with an incumbent custody bank, according to 70% of international asset managers, pensions, endowments, insurance providers and hedge funds that responded to a BNY Mellon sponsored study issued by Celent. In the same report, 72% said the convenience of a one-stop shop service provider is more important than a lesser-known but specialized provider.

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Industry
Capital Markets
Media Type
News Articles
Geographic Focus
North America