Can banks be their own bank? Deutsche Bank, BNY Mellon plan custody services
As multiple banks prepare crypto custody services, holders now have to flip an old saying on its head: are the banks prepared to be their own (and others’) bank?
Last week BNY Mellon (NYSE:), the oldest bank in the United States, announced they would be providing custody solutions, ceding to pressure from institutional investors. Likewise, documents from December indicate that Deutsche Bank (DE:) is also planning a custody solution, along with trading and token issuance services.
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