Bank of New York Mellon invests in crypto startup

Bank of New York Mellon invests in crypto startup

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  1. tldr; Bank of New York Mellon is investing in Fireblocks, a startup that builds tools for the secure storage and transfer of bitcoin and other cryptocurrencies. The bank plans to use Fireblocks’s technology to underpin a new business that it unveiled last month, in which it plans to serve as a custodian for digital assets on behalf of institutional investors. Fireblocks was founded in 2018 by veterans of Israeli military intelligence.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*



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