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Crypto
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Wall Street Giants Spy Opportunities Rising From FTX Ashes

  • BNY Mellon, BlackRock, Goldman press ahead with digital assets
  • But regulators warning of risks and contagion pose challenges
Cryptocurrencies are on the ropes, but banks aren’t giving up on digital assets. 

Cryptocurrencies are on the ropes, but banks aren’t giving up on digital assets. 

Source: 731/Getty Images

Bank of New York Mellon Corp. traces its history back to 1784 and Alexander Hamilton. But even this venerable institution is finding the lure of the crypto world too strong to resist.

Despite all that’s gone wrong in the industry, with trillions in losses, spectacular bankruptcies, the arrest of Sam Bankman-Fried — the world’s largest custodian bank and other financial giants are hoping to expand in crypto — not shrink.