BNY Mellon

NEW YORK

This 238-year-old bank is fully embracing the future: The institution that Alexander Hamilton started now wants to be king of back-office servicers for crypto ETFs.

The firm already has 90% market share in Canada, meaning it provides tax and administrative services to most of the 17 crypto ETFs currently trading up north. In October it announced another big ETF applicant was a client: Grayscale’s

$23 billion Bitcoin Trust. New York–based Fireblocks, which provides crypto custody services, is a new BNY Mellon investment valued at $8 billion.

BLOCKCHAIN PLATFORMS: Bitcoin, Ethereum

KEY LEADERS: Roman Regelman, CEO of asset servicing and head of digital; Mike Demissie, head of digital assets; Ben Slavin, global head of ETFs