BNY Mellon Expands MiCA-Regulated Crypto Custody Across the EU

Summary

BNY Mellon expanded its regulated crypto custody services across the EU under the MiCA framework, with its European entity registered with ESMA to provide custody, administration and transfer services to institutional clients. The move brings crypto custody into a single supervisory framework and i…

Key points

After securing MiCA registration, a major custody bank is extending services across Europe, giving institutional clients another option bound by a unified framework when choosing custodians.
A traditional major custody bank gaining pan-EU passporting under MiCA will directly squeeze native crypto custodians' institutional market space.
European institutional investors can compare traditional bank custody with native custodians on asset segregation, auditing and reporting as a basis for choosing partners.

Crypto Regulation

Editorial note

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