BNY Mellon and State Street join four other firms in backing the platform.
The world’s largest custodian bank will begin handling accounting and administration services for the Grayscale Bitcoin Trust in October.
The custody bank would provide ETF basket operations, order taking, fund accounting, fund administration and transfer agency services.
The Series C round was led by Coatue – with participation from BNY Mellon.
Earlier this month, America’s oldest bank said it was using outside partners for its crypto custody service but did not name names.
The bank’s game plan was hidden in plain sight in a widely overlooked report by the World Economic Forum.
"Bitcoin is loving the BNY Mellon news. It's a very big deal," trader and analyst Alex Kruger tweeted.
The world’s biggest custodian bank beats rivals JPMorgan and Citi to the punch.
Following the publication of the FinCEN Files on Monday, investors suing OneCoin have now added allegations against BNY Mellon to their lawsuit.
The leaked "FinCEN files" show that BNY Mellon flagged a $30 million purported loan that it helped wire as one suspected case of OneCoin laundering funds.
Mutual fund giant Vanguard has completed another blockchain pilot that aims to change the risk profile of foreign exchange transactions.
Vanguard and a handful of high-profile players are piloting ways to record the entire lifecycle of an asset-backed security on a blockchain. Here's why.
Vanguard worked with blockchain startup Symbiont, BNY Mellon, Citi, State Street and others to model the full lifecycle of digital ABS settlement.
Bank of New York Mellon has joined the Marco Polo trade finance consortium running on R3’s Corda, becoming the 28th bank to do so.
Bitwise has tapped Bank of New York Mellon to act as the administrator and transfer agent for its proposed bitcoin ETF.