The Bank of New York Mellon Corp. affirmed its belief in digital assets in the wake of the crypto fallout related to the bankruptcy of several cryptocurrency companies.
โWe really believe in digital assets,โ Roman Regelman, senior executive vice president and chief executive officer of securities and digital services, said at an industry conference on Dec. 7.
While the company is confident in its digital asset projects, it recognizes the value of trust in the industry and that digital assets and other technologies require regulatory frameworks. As such, is working closely with regulators, Regelman said.
"Digital assets need to be done in the same way that we look at all other financial services instruments [and] it must be done by regulated institutions,โ Regelman said. "That's why our trust mission is critical here, and we're putting innovation above that."
The executive said the company is "quite bullish on both" the asset class and the underlying technology.
"We really believe that institutional adoption of digitization is here," Regelman added.
