custodian bank

The World’s Oldest and Largest Custodian Bank – BNY Mellon – Builds Platform to Revolutionize Digital Asset Custody Services

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BNY Mellon, founded by Alexander Hamilton in 1784 – the first US Treasury Secretary – has announced they are continuing to build out a highly advanced, robust, and secure digital assets custody business. “Touching more than 20% of the world’s investable assets, BNY Mellon has the scale to help our clients reimagine financial markets through …

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What is a Tri-Party Repo (TREPS)and How Did the Market Operate?

The simplest way to understand a tri-party repo (TREPS) is to think of it as a simple repurchase agreement between two parties, where a third-party – historically a very large and reputable bank (only JPM Chase or BNY Mellon, during the time these transactions were widely common) – processes administrative work and even guarantees the …

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