BNY Mellon Debuts Crypto Custody Platform for Bitcoin, Ether (1)

Bank of New York Mellon Corp. launched a digital asset platform in the US that will allow some clients to hold and transfer Bitcoin and Ether.

The firm, with $43 trillion of assets under custody or administration at midyear, “has the scale to reimagine financial markets through blockchain technology and digital assets,” Chief Executive Officer Robin Vince said Tuesday in a statement.

The move comes even after the US Securities and Exchange Commission published an accounting guideline in March that said public companies holding crypto assets on behalf of clients should should treat them as liabilities on their balance ...