The New Paper

February 12, 2021

BNY Mellon announces digital asset platform

BNY Mellon announced plans to launch a cryptocurrency and digital asset platform yesterday. The announcement comes amid growing corporate and institutional adoption of cryptocurrencies (e.g. Bitcoin), including recent announcements from Mastercard and Tesla as well as Paypal’s launch of a crypto-focused platform last year.

Extra: The price of bitcoin reached nearly $48k yesterday, marking a 66% increase so far this year and a 4x increase since last February.
This story is from the February 12, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.