Hi we’re BNY Mellon Blockchain!
BNY Mellon have a dedicated Blockchain team and have been involved in a number of blockchain initiatives. The teams key focus is on developing partnerships with startups, accelerators, incubators and business partners to drive enterprise innovation and build ecosystems for all BNY Mellon blockchain initiatives.
Since 2015, BNY Mellon have been involved in a number of Proof of Concepts and Pilots, ranging from use cases involving blockchain-based US treasury bond settlements (a project that has been up and running since 2016), bitcoin rewards, B2B payments, partnering with the digital custody company Bakkt, as well as utilizing DLT for its own internal record keeping.
More notably, BY Mellon also co-founded the Utility Settlement Coin Initiative (now called Fnality International), a consortium that focuses on issuing digital currencies on the blockchain. Around May 2019, BNY Mellon partnered with the Intercontinental Exchange to provide private key storage for crypto assets.
In September 2019, Coindesk published an article stating that Bitwise has tapped Bank of New York Mellon to serve as the administrator and transfer agent for its proposed bitcoin exchange-traded fund (ETF).
BNY Mellon has also launched a test system called BDS360, which leverages blockchain technology to create a backup record of its brokerage transactions. This new system, which operates alongside BNY’s existing transaction records system, aims to provide an operational buffer in the event that the first layer of transaction records becomes unavailable.
Subhankar Sinha Head of Blockchain, Digital Office
1. Assisting lines of businesses to vet and define blockchain opportunities
2. Providing expert advice to blockchain projects across the bank
3. Helping the bank to identify and develop partnerships in the blockchain space
4. Educating the stakeholders within the bank on blockchain, tokenization, digital assets etc.
5. Engaging with the blockchain and digital asset ecosystem outside the bank
Varun Bisht Vice President - Digital Partnerships
Kai Loon Ooi Technology Transformation Lead - Project Management, Product Management & Digital Transformation
Lior Glass Global Blockchain Lead
- Design and develop blockchain-related business models, infrastructure, products, and services.
- Initiate and lead projects and provide support as blockchain subject matter expert and product manager.
- Educate stakeholders on Distributed Ledger Technology, facilitate sessions internally and externally, and speak on behalf of BNY Mellon in conferences.
Customers / Partners
Fireblocks crypto startup raises $133M in funding round with BNY Mellon
BNY Mellon, the oldest bank in the United States, continues to aggressively invest in the digital asset industry.
2 months ago
Fireblocks a Hot Investment With $133 Million Series C
Fireblocks pulled in funding and investments from Coatue, Ribbit, Stripes, Silicon Valley Bank, and BNY Mellon.
2 months ago
OneCoin investors accuse BNY Mellon of playing role in $4 billion Ponzi scheme
The Bank of New York Mellon (BNY Mellon) is being accused of playing a key role in the $4 billion Ponzi scheme OneCoin, days after the FinCEN files were published by Buzzfeed News.
8 months ago
OneCoin Investors Allege BNY Mellon Aided $4B Fraud
Following the publication of the FinCEN Files on Monday, investors suing OneCoin have now filed charges against BNY Mellon.
8 months ago
Leaked FinCEN docs show BNY Mellon flagged over $137M in OneCoin-linked transactions
The Bank of New York Mellon (BNY Mellon) processed $137 million in funds connected to the crypto Ponzi scheme OneCoin, according to leaked documents that were sent to the Financial Crimes Enforcement Network (FinCEN).
8 months ago