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BNY Mellon Digital Assets — The World's Largest Custodian Goes On-Chain
BNY Mellon, custodian of $46.7T in assets, became the first US bank approved by both the SEC and NY DFS to hold Bitcoin and Ethereum for institutional clients in October 2022.
encyclopedia
Tokenized Corporate Bonds
Tokenized corporate bonds represent ownership of corporate debt on a blockchain, enabling same-day issuance, automated coupon payments, and T+0 settlement — with Goldman Sachs GS DAP and BNY Mellon leading US institutional issuance.
Lens 2 · Regulatory Intelligence
SAB 121 Reversal: What the SEC's Accounting Rule Change Means for Bank Digital Asset Custody
The SEC's reversal of Staff Accounting Bulletin 121 in January 2025 removed the punitive balance sheet treatment that had kept major banks out of digital asset custody. BNY Mellon, State Street, and JPMorgan can now compete directly with Coinbase Prime and Anchorage.