{"id":17509,"date":"2023-02-11T02:02:57","date_gmt":"2023-02-11T02:02:57","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/clients-are-absolutely-interested-in-digital-assets-featured-bitcoin-news\/"},"modified":"2023-02-11T02:02:57","modified_gmt":"2023-02-11T02:02:57","slug":"clients-are-absolutely-interested-in-digital-assets-featured-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/clients-are-absolutely-interested-in-digital-assets-featured-bitcoin-news\/","title":{"rendered":"‘Clients Are Absolutely Interested in Digital Assets’ \u2013 Featured Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n\n<\/div>\n

Bank of New York Mellon (BNY Mellon) has revealed that its clients \u201care absolutely interested in digital assets.\u201d Emphasizing the need for clear crypto regulation, the bank\u2019s head of digital assets noted: \u201cWe need responsible actors who can offer reliable services that live up to investors\u2019 trust.\u201d<\/strong><\/p>\n

BNY Mellon\u2019s Clients Are \u2018Absolutely\u2019 Interested in Digital Assets<\/h2>\n

Bank of New York Mellon\u2019s head of digital assets, Michael Demissie, said Wednesday at Afore Consulting\u2019s 7th Annual Fintech and Regulation Conference that digital assets are \u201chere to stay,\u201d Reuters reported. The executive was quoted as saying:<\/p>\n

\n

What we see is clients are absolutely interested in digital assets, broadly.<\/p>\n<\/blockquote>\n

Demissie cited a BNY Mellon client survey conducted in October last year which showed that more than 90% of clients expected to invest in tokenized assets in the near future.<\/p>\n

The bank\u2019s head of digital assets added that deeper crypto regulation is required, the publication conveyed. \u201cIt\u2019s important that we navigate this space in a responsible way,\u201d he stressed, elaborating:<\/p>\n

\n

We absolutely need clear regulation and rules for the road. We need responsible actors who can offer reliable services that live up to investors\u2019 trust.<\/p>\n<\/blockquote>\n

BNY Mellon was among the first banks to enter the crypto space. The bank announced in February 2021 that it has formed a new digital assets unit to build the industry\u2019s \u201cfirst multi-asset digital platform.\u201d Roman Regelman, CEO of Asset Servicing and Head of Digital at BNY Mellon, detailed at the time: \u201cBNY Mellon is proud to be the first global bank to announce plans to provide an integrated service for digital assets \u2026 Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field.\u201d In September 2021, the bank wrote: \u201cDigital assets have clearly entered the mainstream.\u201d<\/p>\n

Last week, the bank appointed Caroline Butler as the CEO of its digital assets division. Regelman commented:<\/p>\n

\n

As institutional adoption of digital assets continues to evolve, we are committed to being a trusted provider of services to the broader financial ecosystem.<\/p>\n<\/blockquote>\n

\n
\nTags in this story
\n<\/h6>\n
bank of new york mellon<\/a>, Bank of New York Mellon crypto<\/a>, Bank of New York Mellon crypto assets<\/a>, Bank of New York Mellon cryptocurrency<\/a>, Bank of New York Mellon digital assets<\/a>, BNY Mellon<\/a>, bny mellon crypto<\/a>, BNY Mellon cryptocurrencies<\/a>, bny mellon cryptocurrency<\/a>, BNY Mellon digital assets<\/a>, institutional interest crypto<\/a><\/div>\n<\/div>\n

What do you think about the statement by Bank of New York Mellon\u2019s head of digital assets? Let us know in the comments section below.<\/strong><\/em><\/p>\n

\n
\n\n<\/div>\n
\n
\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

\n
\n
\n<\/a>
\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

\n

Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

\n