BNY Mellon launches regulated crypto custody service for EU institutions under MiCA
BNY Mellon announced on October 8, 2026 that its European banking entity, The Bank of New York Mellon SA/NV, will offer regulated custody for Bitcoin, Ethereum, Solana and USDC to select EU institutional clients. The service is authorized under the EU’s MiCA framework after the entity was added to the ESMA MiCA register in July 2026. The platform uses multiparty computation, segregated wallets and cold‑storage protocols and provides bankruptcy‑stay protection.
Why it matters
The launch gives institutional investors in the EU a regulated route to hold major digital assets, potentially expanding BNY’s custody franchise and attracting new crypto‑related assets. The company’s press release notes that the service broadens its digital‑asset offering and supports future tokenized‑securities initiatives.
Key facts
- 1The expansion was announced on October 8, 2026. finance.yahoo.com
- 2BNY’s European entity was added to the ESMA MiCA register in July 2026. finance.yahoo.com
- 3The service initially supports Bitcoin, Ethereum, Solana and USDC. finance.yahoo.com
- 4BNY oversees $62.6 trillion in assets under custody and administration globally. finance.yahoo.com
- 5The custody platform uses multiparty computation technology, segregated client wallets and cold‑storage protocols. retailnews.asia
- 6The offering includes bankruptcy‑stay protection that isolates client assets from BNY’s balance sheet. retailnews.asia
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.