{"id":46463,"date":"2021-07-21T13:32:09","date_gmt":"2021-07-21T10:32:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46463"},"modified":"2025-09-01T16:32:01","modified_gmt":"2025-09-01T13:32:01","slug":"bny-mellon-joins-pure-digital-the-crypto-platform-for-banks","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bny-mellon-joins-pure-digital-the-crypto-platform-for-banks\/","title":{"rendered":"BNY Mellon joins Pure Digital, the crypto platform for banks"},"content":{"rendered":"

In response to rising demand from institutional clients, the financial group BNY Mellon<\/span> has joined a consortium of six banks backing the launch of the Pure Digital platform for trading digital assets. Financial Times<\/a> reports.<\/p>\n

A spokesperson for the group told the publication that the organisation would study crypto-focused solutions “as regulatory frameworks develop.” BNY Mellon plans to use the Pure Digital platform to provide trading services and to launch related offerings.<\/p>\n

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“In the coming years, digital assets will increasingly penetrate global markets. This collaboration aligns with a broader BNY Mellon strategy aimed at developing digital-asset-related opportunities for clients across the lifecycle of a trade,” said Jason Vitale, head of the group’s Global Foreign Exchange Operations.<\/p>\n<\/blockquote>\n

Earlier, one of the oldest banks in the United States State Street<\/a> announced support for Pure Digital. The financial institution served as the provider of infrastructure technologies for the trading platform.<\/p>\n

According to Pure Digital chief Lauren Kailey, conservative custodian banks offering services to the largest asset managers have noticed growing client interest in cryptocurrency trading.<\/p>\n

\n

“We have spoken to all the leading banks, but we believe custodian banks were among the first to spot the demand, so they are now more advanced,” she added.<\/p>\n<\/blockquote>\n

In February 2021, BNY Mellon announced the launch of custody services for bitcoin and other cryptocurrencies<\/a>.<\/p>\n

In June, State Street announced the creation of a new unit focused on digital assets and the decentralized-finance sector<\/a>.<\/p>\n

Follow ForkLog news on VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

In response to rising demand from institutional clients, the financial group BNY Mellon joined a consortium of six banks backing the Pure Digital platform for trading digital assets.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1682,1156,329],"class_list":["post-46463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-bny-mellon","tag-institutional-investors-and-whales","tag-platforms"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=46463"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46463\/revisions"}],"predecessor-version":[{"id":46464,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46463\/revisions\/46464"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=46463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=46463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=46463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}