“We are at a point in the evolution of our industry where the digitization of assets is presenting new and exciting opportunities to a broad range of market participants,” Roman Regelman, BNY Mellon’s chief executive officer of asset servicing and head of digital, said in the release.Ĭircle is the principal operator of USD Coin (USDC), which has a nearly $52.4 billion market capitalization, according to CoinGecko. The new partnership will help link the traditional capital market with the market for digital assets, Circle said in a news release.Īs cryptocurrencies rise in popularity - surpassing $3 trillion in value in November, according to crypto data provider CoinGecko - the banking system is slowly warming to the idea of working more closely with digital currency companies. Click below for a brief video on benefits and enrollment.

dollar, the crypto operator said on Thursday. Sign up for E-Delivery With Wealth Online, you have the option to receive statements electronically.

March 31 (Reuters) - Circle Internet Financial has selected Bank of New York Mellon Corp (BK.N) as primary custodian for its reserves of USD Coin, a stablecoin cryptocurrency whose value is directly pegged to the U.S.

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