{"id":58338,"date":"2022-02-24T14:18:58","date_gmt":"2022-02-24T12:18:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58338"},"modified":"2025-09-04T16:17:23","modified_gmt":"2025-09-04T13:17:23","slug":"bny-mellon-signs-partnership-with-chainalysis","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bny-mellon-signs-partnership-with-chainalysis\/","title":{"rendered":"BNY Mellon Signs Partnership with Chainalysis"},"content":{"rendered":"<p>Chainalysis will provide BNY Mellon, the financial holding company, with tools to meet regulatory requirements in the cryptocurrency space as part of its risk-management program.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Exciting news! The world\u2019s largest asset servicer <a href=\\\"https:\/\/twitter.com\/BNYMellon?ref_src=twsrc%5Etfw\\\">@BNYMellon<\/a> will be the 1st Globally Systemic Financial Institution w\/ plans to utilize our <a href=\\\"https:\/\/twitter.com\/hashtag\/RiskManagement?src=hash&#038;ref_src=twsrc%5Etfw\\\">#RiskManagement<\/a> software. <\/p>\n<p>We\u2019re proud to collaborate with <a href=\\\"https:\/\/twitter.com\/BNYMellon?ref_src=twsrc%5Etfw\\\">@BNYMellon<\/a> as they launch their digital assets business <a href=\\\"https:\/\/t.co\/VHo5TDGWPs\\\">https:\/\/t.co\/VHo5TDGWPs<\/a> <a href=\\\"https:\/\/t.co\/TrXGhaYlHM\\\">pic.twitter.com\/TrXGhaYlHM<\/a><\/p>\n<p>\u2014 Chainalysis (@chainalysis) <a href=\\\"https:\/\/twitter.com\/chainalysis\/status\/1496486054978887680?ref_src=twsrc%5Etfw\\\">February 23, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;This integration will be part of BNY Mellon&#8217;s strategy to develop cryptocurrency services for clients,\\&#8221; the statement said.<\/p>\n<\/blockquote>\n<p>The software suite provided by the firm includes Chainalysis <span data-descr=\\\"Know Your Transaction\\\" class=\\\"old_tooltip\\\">KYT<\/span>, Reactor and Kryptos.<\/p>\n<p>Through KYT, real-time monitoring of transactions across all cryptocurrencies is performed to identify high-risk activity.<\/p>\n<p>Reactor is an on-chain investigation tool that provides a more thorough check of suspicious operations. Kryptos provides deep information on crypto services, including transaction volumes, counterpar\u00adties and comparative analyses, enabling financial institutions to develop effective compliance systems.<\/p>\n<p>In February 2021, BNY Mellon, one of the first among large financial institutions <a href=\"https:\/\/forklog.com\/en\/news\/americas-oldest-bank-to-offer-bitcoin-custody-services\">created a custodial platform<\/a> for digital assets. It allowed clients to transact in Bitcoin and a number of other cryptocurrencies.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;Working with Chainalysis and other leading fintech providers is fundamental to our role as an innovator and to expanding capabilities in products that serve the growing cryptocurrency market,\\&#8221; said Carolyn Butler, head of custody, taxes and network management at BNY Mellon.<\/p>\n<\/blockquote>\n<p>The co-founder and CEO of Chainalysis, Jonathan Levin, noted that he regards the role of \\&#8221;financial institutions as critically important to the overall growth and success of the crypto industry.\\&#8221;<\/p>\n<p>A BNY Mellon-led survey showed that <a href=\\\"https:\/\/www.theblockcrypto.com\/linked\/135196\/more-than-three-quarters-of-surveyed-family-offices-see-benefit-in-crypto-bny-mellon-survey-finds\\\">\u043e\u043f\u0440\u043e\u0441 \u043f\u043e\u043a\u0430\u0437\u0430\u043b<\/a> that 77% of family offices are interested in or have invested in cryptocurrencies. 66% of respondents said they plan to increase their digital assets in the next year or two.<\/p>\n<p>Earlier, in January, BNY Mellon urged U.S. regulators to <a href=\"https:\/\/forklog.com\/en\/news\/bny-mellon-urges-us-regulators-to-clarify-crypto-regulation\">provide greater clarity<\/a> in the \\&#8221;rules of the game\\&#8221; for cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainalysis will provide BNY Mellon, the financial holding company, with tools to comply with regulatory requirements in the cryptocurrency space as part of its risk-management program.<\/p>\n","protected":false},"author":1,"featured_media":58339,"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":[1682,274],"class_list":["post-58338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bny-mellon","tag-chainalysis"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/58338","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=58338"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/58338\/revisions"}],"predecessor-version":[{"id":58340,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/58338\/revisions\/58340"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/58339"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=58338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=58338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=58338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}