The CEO of Bank of New York Mellon said that tokenization is a major trend in financial marekt. (In terms of crypto assets) anything new needs to be tested in practice.
Bank of New York Mellon (BNY) is moving forward with offering Bitcoin and Ethereum custody to its exchange-traded fund (ETF) clients after a review by the Securities Exchange Commission (SEC) decided that BNY is not required to comply with controversial cryptoasset accounting rule SAB 121. Since its introduction in 2022, SAB 121 has been requiring companies custodial crypto assets to book them as liabilities, putting pressure on the crypto industry. The SEC said that banks such as BNY have robus...
Aninda Mitra, Head of Asian Macro and Investment Strategy at New York Mellon Investment Management: After watching the debate between Trump and Biden, I doubt it will have a decisive impact on the outlook for both sides. Post-election market analysis raises the question of whether the candidates will change at the last minute. For now, the election is still up in the air, and it may take until the last minute for the situation to become clear. I think this is...