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BNY Mellon’s custody chief on how to serve crypto clients when ‘there isn’t a rulebook’

'That was the biggest demand they had: Getting us to come in and apply the trusted guardrails but also to take that risk and operational burden off of them'

Caroline Butler said BNY Mellon’s crypto custodial services will only be for its US clients and will be rolled out to a select few at first
Caroline Butler said BNY Mellon’s crypto custodial services will only be for its US clients and will be rolled out to a select few at first Photo: Jeenah Moon/Getty Images

BNY Mellon’s expansion to become a custodian for crypto is fuelled by high client demand according to its custody services chief executive, Caroline Butler.

“You've seen demand for the asset class and you’ve seen it move more mainstream,” she told Financial News at this year’s Sibos.

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