Custody / Infrastructure
BNY Mellon's Blockchain Custody Infrastructure
BNY Mellon is aggressively deploying blockchain custody infrastructure across asset classes, positioning to capture custody market share as institutional adoption accelerates.
Summary
BNY Mellon's blockchain custody strategy emphasizes institutional-grade security, regulatory compliance, and operational excellence with multi-party computation security.
What happened
BNY Mellon partnered with Goldman Sachs (GS DAP), BlackRock (BUIDL), and JPMorgan (JPM Coin) for custody integration, positioning as the leading custody provider for institutional blockchain assets.
Business goal
- Establish market leadership in institutional blockchain custody
- Provide multi-network custody infrastructure
- Achieve custody fee parity with traditional custody
Impact
- Multi-network support across Ethereum, Canton, Hyperledger Besu
- Custody fees expected to decline from 20-50bp to 5-10bp
- Early positioning creates competitive advantages