BNY Expands Regulated Crypto Custody Across The European Union Under MiCA

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. TL;DR: BNY has expanded its Digital Asset Custody platform to selected institutional clients across the European Union under MiCA. The move follows the addition of its European banking entity to the ESMA MiCA register and gives one of the world’s largest custody banks a regulated route to hold and administer crypto assets in the region. One of the world’s biggest traditional custody banks is extending its digital asset business deeper into Europe. BNY announced Thursday that its Digital Asset Custody platform is now being expanded to selected institutional clients in the European Union under the Markets in Crypto-Assets framework. The move follows the addition of The Bank of New York Mellon SA/NV, BNY’s European banking entity, to the MiCA register earlier this year. That registration allows the b...